Nexus Industrial REIT (TSE:NXR.UN) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$8.92.

A number of equities analysts have recently weighed in on NXR.UN shares. 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. Raymond James boosted their price target on Nexus Industrial REIT from C$9.25 to C$9.50 in a report on Friday, September 6th. Finally, BMO Capital Markets lifted their price target on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th.

Insider Buying and Selling

In other news, Director Edwin E. Mclaughlin purchased 50,000 shares of Nexus Industrial REIT stock in a transaction on Monday, December 9th. The stock was purchased at an average price of C$7.88 per share, with a total value of C$393,845.00. Insiders have bought 115,991 shares of company stock valued at $969,343 in the last 90 days. 32.92% of the stock is owned by insiders.

Nexus Industrial REIT Stock Down 0.1 %

Shares of TSE:NXR.UN traded down C$0.01 on Friday, hitting C$7.88. 124,327 shares of the company's stock were exchanged, compared to its average volume of 146,306. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. Nexus Industrial REIT has a 1-year low of C$6.47 and a 1-year high of C$9.15. The firm's 50-day moving average is C$8.25 and its 200 day moving average is C$7.91. The company has a market capitalization of C$557.43 million, a PE ratio of 3.26 and a beta of 1.51.

Nexus Industrial REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a $0.0533 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 8.12%. Nexus Industrial REIT's dividend payout ratio is currently 26.45%.

About Nexus Industrial REIT

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.