Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Daniel Martin Oberste bought 5,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was bought at an average price of C$7.54 per share, with a total value of C$37,675.00.
Nexus Industrial REIT Stock Down 0.8%
Shares of NXR.UN stock traded down C$0.06 during mid-day trading on Thursday, hitting C$7.38. The company's stock had a trading volume of 52,007 shares, compared to its average volume of 184,606. The business has a 50-day moving average price of C$6.95 and a 200 day moving average price of C$7.27. The stock has a market cap of C$522.06 million, a price-to-earnings ratio of 3.05 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. Nexus Industrial REIT has a 52-week low of C$5.98 and a 52-week high of C$9.15.
Nexus Industrial REIT Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a $0.0533 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.64 annualized dividend and a yield of 8.67%. Nexus Industrial REIT's payout ratio is 26.45%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on NXR.UN shares. Desjardins reduced their target price on shares of Nexus Industrial REIT from C$9.50 to C$8.75 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Raymond James raised their price objective on Nexus Industrial REIT from C$8.25 to C$8.50 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank of Canada lowered their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating on the stock in a research report on Tuesday, March 11th. Scotiabank upped their price objective on Nexus Industrial REIT from C$7.00 to C$7.50 and gave the stock a "sector perform" rating in a research report on Wednesday, May 21st. Finally, National Bankshares lifted their target price on Nexus Industrial REIT from C$6.75 to C$7.25 and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. Four 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 an average price target of C$8.18.
Get Our Latest Stock Analysis on NXR.UN
About Nexus Industrial REIT
(
Get Free Report)
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.
Featured Articles
Before you consider Nexus Industrial REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexus Industrial REIT wasn't on the list.
While Nexus Industrial REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
