Nexus Industrial REIT (TSE:NXR.UN) Director Acquires C$24,416.88 in Stock

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin acquired 3,696 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of C$6.61 per share, with a total value of C$24,416.88.

Nexus Industrial REIT Price Performance

TSE NXR.UN traded down C$0.22 on Monday, hitting C$6.54. The company had a trading volume of 116,241 shares, compared to its average volume of 200,719. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. Nexus Industrial REIT has a 12-month low of C$5.98 and a 12-month high of C$9.15. The company has a market capitalization of C$462.64 million, a PE ratio of 2.70 and a beta of 1.51. The company's fifty day moving average price is C$6.97 and its 200-day moving average price is C$7.60.

Nexus Industrial REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.0533 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.78%. Nexus Industrial REIT's dividend payout ratio is currently 26.45%.

Analyst Upgrades and Downgrades

NXR.UN has been the topic of several research analyst reports. Raymond James decreased their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada dropped their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating for the company in a research note on Tuesday, March 11th. Desjardins cut their target price on Nexus Industrial REIT from C$9.50 to C$8.75 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Scotiabank lowered shares of Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from C$8.50 to C$7.00 in a report on Tuesday, April 8th. Finally, National Bankshares downgraded shares of Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$8.75 to C$6.75 in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Nexus Industrial REIT has a consensus rating of "Moderate Buy" and an average price target of C$8.22.

About Nexus Industrial REIT

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office and retail properties.