Nexus Industrial REIT (TSE:NXR.UN) PT Raised to C$9.00 at BMO Capital Markets

Nexus Industrial REIT (TSE:NXR.UN - Free Report) had its price objective increased by BMO Capital Markets from C$8.50 to C$9.00 in a research note released on Monday, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on NXR.UN. Royal Bank of Canada lifted their price objective on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Friday, August 16th. Raymond James upped their target price on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Desjardins upped their target price on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a "buy" rating in a research note on Friday, August 16th. National Bankshares upgraded shares of Nexus Industrial REIT from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$7.50 to C$8.00 in a research note on Thursday, July 18th. Finally, Scotiabank upped their target price on shares of Nexus Industrial REIT from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$8.86.

Nexus Industrial REIT Stock Performance

The company has a market cap of C$606.24 million, a price-to-earnings ratio of 3.54 and a beta of 1.51. The company's 50 day simple moving average is C$8.62 and its two-hundred day simple moving average is C$7.70. 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 one year low of C$6.30 and a one year high of C$9.15.

Nexus Industrial REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be given a dividend of $0.0533 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.64 annualized dividend and a yield of ∞. Nexus Industrial REIT's payout ratio is currently 26.45%.

Insider Activity at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin bought 57,120 shares of the business's stock in a transaction on Friday, October 4th. The stock was purchased at an average price of C$8.76 per share, for a total transaction of C$500,296.94. In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin bought 57,120 shares of the business's stock in a transaction on Friday, October 4th. The stock was purchased at an average price of C$8.76 per share, for a total transaction of C$500,296.94. Also, Director Edwin E. Mclaughlin bought 53,000 shares of the business's stock in a transaction on Thursday, August 29th. The shares were acquired at an average price of C$8.45 per share, with a total value of C$448,024.90. Over the last 90 days, insiders purchased 115,746 shares of company stock worth $997,785. 32.92% of the stock is owned by company insiders.

About Nexus Industrial REIT

Nexus 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 located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.