Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) had its target price cut by Raymond James from C$9.75 to C$9.00 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James' target price points to a potential upside of 19.68% from the company's current price.
NXR.UN has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. CIBC increased their price objective on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$8.86.
View Our Latest Stock Report on Nexus Industrial REIT
Nexus Industrial REIT Stock Performance
Shares of TSE:NXR.UN traded down C$0.18 during trading on Monday, reaching C$7.52. The stock had a trading volume of 109,812 shares, compared to its average volume of 102,114. The stock has a fifty day simple moving average of C$7.89 and a two-hundred day simple moving average of C$8.02. 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 has a 52 week low of C$6.47 and a 52 week high of C$9.15. The firm has a market capitalization of C$531.96 million, a price-to-earnings ratio of 3.11 and a beta of 1.51.
Insider Activity
In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 50,000 shares of Nexus Industrial REIT stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of C$7.88 per share, for a total transaction of C$393,845.00. Insiders have acquired 57,552 shares of company stock worth $454,832 over the last ninety days. Insiders own 32.92% of the company's stock.
About Nexus Industrial REIT
(
Get Free Report)
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.
Further Reading
Before you consider Nexus Industrial REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexus Industrial REIT wasn't on the list.
While Nexus Industrial REIT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
