Nexus Industrial REIT (TSE:NXR.UN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$8.72.

Several research firms recently issued reports on NXR.UN. Raymond James reduced their price target on Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. CIBC upped their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th.

Insider Activity at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 50,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of C$7.88 per share, with a total value of C$393,845.00. 32.92% of the stock is owned by corporate insiders.

Nexus Industrial REIT Stock Up 0.8 %

NXR.UN traded up C$0.06 during trading on Friday, reaching C$7.24. 150,500 shares of the stock were exchanged, compared to its average volume of 181,954. The stock has a market cap of C$512.16 million, a P/E ratio of 2.99 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The stock's 50 day moving average price is C$7.48 and its two-hundred day moving average price is C$8.03. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15.

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Nexus Industrial REIT Dividend Announcement

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 $0.0533 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 8.83%. Nexus Industrial REIT's payout ratio is currently 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.