Nexus Industrial REIT (NXR.UN) Stock Price, News & Analysis

Company Overview

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. The REIT has approximately 109,910,000 units issued and outstanding. Additionally, there are Class B LP Units of subsidiary limited partnerships of Nexus REIT issued and outstanding, which are convertible into approximately 25,667,000 REIT Units.

Key Stats

• Today's Range: C$7.97 to C$8.00
• 50-Day Range: C$7.93 to C$9.08
• 52-Week Range: C$6.47 to C$9.15
• Volume: 5,939 shs
• Average Volume: 148,509 shs
• Market Capitalization: C$564.51 million
• P/E Ratio: 3.30
• Dividend Yield: 8.02%
• Price Target: C$8.92
• Consensus Rating: Moderate Buy

Nexus Industrial REIT Stock Analysis - MarketRank™

Nexus Industrial REIT scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Nexus Industrial REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nexus Industrial REIT has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Nexus Industrial REIT is 3.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nexus Industrial REIT is 3.31, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 272.83.

Price to Book Value per Share Ratio

Nexus Industrial REIT has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for NXR.UN.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Nexus Industrial REIT is a leading dividend payer. It pays a dividend yield of 7.56%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Nexus Industrial REIT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Nexus Industrial REIT is 26.45%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for NXR.UN.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.79

News Sentiment

Nexus Industrial REIT has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Nexus Industrial REIT this week, compared to 1 article on an average week.

MarketBeat Follows

1 people have added Nexus Industrial REIT to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Nexus Industrial REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$1,023,523.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

32.92% of the stock of Nexus Industrial REIT is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 18.24% of the stock of Nexus Industrial REIT is held by institutions.

NXR.UN Stock Analysis - Frequently Asked Questions

How have NXR.UN shares performed this year?

Nexus Industrial REIT's stock was trading at C$8.09 on January 1st, 2024. Since then, NXR.UN shares have decreased by 0.9% and is now trading at C$8.02.
View the best growth stocks for 2024 here.

How do I buy shares of Nexus Industrial REIT?

Shares of NXR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Company Calendar

• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Dividend Payable: 11/15/2024
• Today: 11/21/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Industrial
• Sub-Industry: N/A
• Current Symbol: TSE:NXR.UN
• CUSIP: N/A
• CIK: N/A
• Web: www.nexusreit.com
• Phone: (403) 817-9496
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$8.92
• High Stock Price Target: C$10.00
• Low Stock Price Target: C$7.50
• Potential Upside/Downside: +11.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.42
• Trailing P/E Ratio: 3.30
• Forward P/E Ratio: 10.23
• P/E Growth: N/A
• Net Income: C$166.29 million
• Net Margins: 99.45%
• Pretax Margin: N/A
• Return on Equity: 16.47%
• Return on Assets: 2.87%

Debt

• Debt-to-Equity Ratio: 129.95
• Current Ratio: 0.44
• Quick Ratio: 0.12

Sales & Book Value

• Annual Sales: C$167.21 million
• Price / Sales: 3.38
• Cash Flow: C$0.14 per share
• Price / Cash Flow: 55.47
• Book Value: C$15.28 per share
• Price / Book: 0.52

Miscellaneous

• Outstanding Shares: 70,740,000
• Free Float: N/A
• Market Cap: C$564.51 million
• Optionable: Not Optionable
• Beta: 1.51