Nexus Industrial REIT (TSE:NXR.UN) Director Buys C$51,934.40 in Stock

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin acquired 8,000 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average price of C$6.49 per share, with a total value of C$51,934.40.

Nexus Industrial REIT Stock Up 1.9 %

Shares of NXR.UN traded up C$0.12 during trading hours on Monday, reaching C$6.47. 214,673 shares of the stock traded hands, compared to its average volume of 204,547. Nexus Industrial REIT has a 52 week low of C$5.98 and a 52 week high of C$9.15. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The stock has a fifty day simple moving average of C$7.02 and a 200 day simple moving average of C$7.66. The company has a market cap of C$457.69 million, a price-to-earnings ratio of 2.67 and a beta of 1.51.

Nexus Industrial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a dividend yield of 9.89%. The ex-dividend date of this dividend is Wednesday, April 30th. Nexus Industrial REIT's dividend payout ratio is presently 26.45%.

Wall Street Analysts Forecast Growth

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

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Nexus Industrial REIT Company Profile

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.