Shares of Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$8.72.
A number of research firms recently issued reports on NXR.UN. Raymond James dropped their price target on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. BMO Capital Markets lifted their target price on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. Finally, CIBC upped their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th.
Read Our Latest Stock Analysis on NXR.UN
Nexus Industrial REIT Stock Performance
Shares of TSE NXR.UN traded up C$0.03 during midday trading on Monday, reaching C$7.43. 326,350 shares of the stock were exchanged, compared to its average volume of 171,982. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm has a 50-day simple moving average of C$7.65 and a two-hundred day simple moving average of C$8.07. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15. The firm has a market cap of C$525.60 million, a price-to-earnings ratio of 3.07 and a beta of 1.51.
Nexus Industrial REIT Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0533 per share. The ex-dividend date is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 8.61%. Nexus Industrial REIT's dividend payout ratio (DPR) is presently 26.45%.
Insider Transactions at Nexus Industrial REIT
In other news, Director Edwin E. Mclaughlin purchased 50,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price of C$7.88 per share, for a total transaction of C$393,845.00. Over the last 90 days, insiders have purchased 55,708 shares of company stock valued at $438,844. 32.92% of the stock is currently owned by company insiders.
Nexus Industrial REIT Company Profile
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Get Free ReportNexus 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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