Nexus Industrial REIT (TSE:NXR.UN) Director Daniel Martin Oberste Acquires 5,000 Shares

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 that occurred on Wednesday, June 11th. The shares were bought at an average cost of C$7.54 per share, for a total transaction of C$37,675.00.

Nexus Industrial REIT Stock Down 1.1%

Shares of NXR.UN stock traded down C$0.08 on Friday, hitting C$7.38. The stock had a trading volume of 112,270 shares, compared to its average volume of 184,308. The business has a 50 day moving average of C$7.00 and a 200 day moving average of C$7.26. 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 current ratio of 0.44 and a quick ratio of 0.12. Nexus Industrial REIT has a 12-month low of C$5.98 and a 12-month high of C$9.15.

Nexus Industrial REIT Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were issued a $0.0533 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 8.67%. Nexus Industrial REIT's dividend payout ratio is currently 26.45%.

Analysts Set New Price Targets

Several research analysts recently issued reports on NXR.UN shares. Raymond James increased their target price on shares of Nexus Industrial REIT from C$8.25 to C$8.50 and gave the stock an "outperform" 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 on the stock in a research note on Tuesday, March 11th. CIBC lowered shares of Nexus Industrial REIT from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from C$8.50 to C$7.50 in a research note on Wednesday. Scotiabank raised their price objective 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. Finally, Desjardins dropped their price objective 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Nexus Industrial REIT presently has a consensus rating of "Hold" and a consensus target price of C$8.18.

Nexus Industrial REIT Company Profile

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.