Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) was downgraded by investment analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a report issued on Monday,BayStreet.CA reports. They presently have a C$6.75 target price on the stock, down from their previous target price of C$8.75. National Bankshares' price objective points to a potential downside of 0.15% from the stock's previous close.
NXR.UN has been the subject of several other reports. Raymond James reduced their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Scotiabank downgraded shares of Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$8.50 to C$7.00 in a report on Tuesday, April 8th. Royal Bank of Canada cut 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 report on Tuesday, March 11th. Finally, Desjardins dropped 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 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$8.22.
View Our Latest Report on NXR.UN
Nexus Industrial REIT Trading Up 1.7 %
Shares of NXR.UN stock traded up C$0.11 during trading hours on Monday, hitting C$6.76. The company had a trading volume of 88,202 shares, compared to its average volume of 201,846. The stock has a market capitalization of C$478.20 million, a PE ratio of 2.79 and a beta of 1.51. Nexus Industrial REIT has a fifty-two week low of C$5.98 and a fifty-two week high of C$9.15. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The company's fifty day moving average is C$6.97 and its 200 day moving average is C$7.61.
Insider Buying and Selling at Nexus Industrial REIT
In related news, Director Edwin E. Mclaughlin purchased 8,000 shares of the company's stock in a transaction on Wednesday, April 9th. The stock was bought at an average price of C$6.49 per share, with a total value of C$51,934.40. Over the last 90 days, insiders have bought 14,925 shares of company stock valued at $98,728. Insiders own 32.92% of the company's stock.
Nexus Industrial REIT Company Profile
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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.
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