Nexus Industrial REIT (TSE:NXR.UN - Free Report) had its target price decreased by CIBC from C$9.50 to C$8.50 in a report published on Thursday morning,BayStreet.CA reports.
A number of other research firms have also recently issued reports on NXR.UN. National Bankshares lifted their target price on shares of Nexus Industrial REIT from C$6.75 to C$7.25 and gave the company a "sector perform" rating in a research note on Thursday, May 22nd. Royal Bank of Canada cut their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating for the company in a research note on Tuesday, March 11th. Scotiabank lifted their target price on shares of Nexus Industrial REIT from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. Raymond James lifted their target price on shares of Nexus Industrial REIT from C$8.25 to C$8.50 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Desjardins cut their target price on shares of Nexus Industrial REIT from C$9.50 to C$8.75 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Nexus Industrial REIT currently has a consensus rating of "Hold" and a consensus price target of C$8.32.
Get Our Latest Stock Report on Nexus Industrial REIT
Nexus Industrial REIT Price Performance
NXR.UN traded up C$0.05 during midday trading on Thursday, reaching C$7.26. 62,627 shares of the company's stock were exchanged, compared to its average volume of 189,635. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$9.15. The business has a 50-day simple moving average of C$6.85 and a two-hundred day simple moving average of C$7.32. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm has a market capitalization of C$513.57 million, a price-to-earnings ratio of 3.00 and a beta of 1.51.
Nexus Industrial REIT Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a $0.0533 dividend. This represents a $0.64 annualized dividend and a yield of 8.81%. The ex-dividend date of this dividend was Wednesday, April 30th. Nexus Industrial REIT's dividend payout ratio (DPR) is presently 26.45%.
Insider Buying and Selling
In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin bought 3,651 shares of the stock in a transaction on Thursday, May 15th. The stock was purchased at an average price of C$7.20 per share, with a total value of C$26,295.60. Insiders purchased 18,576 shares of company stock worth $125,024 in the last quarter. Insiders own 32.92% of the company's stock.
About Nexus Industrial REIT
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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.
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