Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.22 Consensus PT from Analysts

Shares of Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$8.32.

NXR.UN has been the subject of a number of research reports. Desjardins dropped their target price on shares of 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. National Bankshares cut Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$8.75 to C$6.75 in a report on Monday, April 14th. Scotiabank lowered Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$8.50 to C$7.00 in a research note on Tuesday, April 8th. Royal Bank of Canada decreased their price objective 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. Finally, Raymond James cut their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an "outperform" rating for the company in a report on Tuesday, March 11th.

Insider Transactions at Nexus Industrial REIT

In related news, Director Edwin E. Mclaughlin purchased 8,000 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were bought at an average cost of C$6.49 per share, with a total value of C$51,934.40. Insiders bought a total of 14,925 shares of company stock worth $98,728 over the last three months. 32.92% of the stock is currently owned by insiders.

Nexus Industrial REIT Stock Performance

Nexus Industrial REIT stock traded up C$0.03 during mid-day trading on Friday, reaching C$6.72. 34,785 shares of the stock traded hands, compared to its average volume of 196,748. Nexus Industrial REIT has a 12-month low of C$5.98 and a 12-month high of C$9.15. The stock has a market capitalization of C$475.37 million, a PE ratio of 2.78 and a beta of 1.51. 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 business's 50-day moving average is C$6.93 and its 200-day moving average is C$7.57.

Nexus Industrial REIT Announces Dividend

The business also recently disclosed 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.52%. The ex-dividend date of this dividend is Wednesday, April 30th. Nexus Industrial REIT's dividend payout ratio (DPR) is presently 26.45%.

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.