Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$8.63.
NXR.UN has been the topic of several recent analyst reports. Royal Bank of Canada decreased their target price on Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating on the stock in a research note on Tuesday, March 11th. Desjardins cut their price objective on shares of Nexus Industrial REIT from C$9.50 to C$8.75 and set a "buy" rating for the company in a report on Tuesday, March 11th. Finally, Raymond James lowered 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.
Read Our Latest Analysis on NXR.UN
Nexus Industrial REIT Price Performance
TSE:NXR.UN traded down C$0.12 on Tuesday, reaching C$6.90. 262,708 shares of the company's stock traded hands, compared to its average volume of 194,199. The stock has a 50-day simple moving average of C$7.25 and a 200-day simple moving average of C$7.87. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15. The firm has a market cap of C$488.11 million, a PE ratio of 2.85 and a beta of 1.51. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.
Nexus Industrial REIT Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.0533 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 9.27%. Nexus Industrial REIT's payout ratio is currently 26.45%.
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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