Nexus Industrial REIT (TSE:NXR.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Nexus Industrial REIT (TSE:NXR.UN) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$8.92.

Several research firms have recently issued reports on NXR.UN. BMO Capital Markets lifted 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 lifted their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th.

Nexus Industrial REIT Stock Down 0.8 %

NXR.UN stock opened at C$7.74 on Thursday. The business’s 50-day moving average price is C$7.92 and its 200-day moving average price is C$8.00. The stock has a market cap of C$547.53 million, a P/E ratio of 3.20 and a beta of 1.51. 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 twelve month low of C$6.47 and a twelve month high of C$9.15.

Nexus Industrial REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a $0.0533 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.64 annualized dividend and a dividend yield of 8.26%. Nexus Industrial REIT’s dividend payout ratio is currently 26.45%.

Insiders Place Their Bets

In other news, Director Edwin E. Mclaughlin bought 50,000 shares of the stock in a transaction on Monday, December 9th. The stock was bought at an average cost of C$7.88 per share, for a total transaction of C$393,845.00. Insiders purchased a total of 57,552 shares of company stock worth $454,832 over the last 90 days. Company insiders own 32.92% of the company’s stock.

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.