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

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$8.72.

Several equities research analysts have commented on NXR.UN shares. CIBC boosted their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Raymond James cut their price target on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research report on Monday, January 13th.

Insider Activity at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin bought 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were purchased at an average price of C$7.88 per share, for a total transaction of C$393,845.00. 32.92% of the stock is owned by company insiders.

Nexus Industrial REIT Trading Down 1.6 %

NXR.UN opened at C$7.23 on Friday. The stock has a market capitalization of C$511.45 million, a P/E ratio of 2.99 and a beta of 1.51. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15. The firm’s fifty day simple moving average is C$7.49 and its 200 day simple moving average is C$8.03. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.0533 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 8.85%. Nexus Industrial REIT’s dividend payout ratio (DPR) 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.