Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin purchased 3,372 shares of Nexus Industrial REIT stock in a transaction that occurred on Tuesday, July 15th. The shares were bought at an average price of C$7.91 per share, for a total transaction of C$26,678.25.
Nexus Industrial REIT Price Performance
TSE NXR.UN traded down C$0.10 on Friday, reaching C$7.61. The company had a trading volume of 137,841 shares, compared to its average volume of 178,895. 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 stock has a market capitalization of C$538.33 million, a PE ratio of 3.14 and a beta of 1.51. The firm's 50 day moving average price is C$7.47 and its 200 day moving average price is C$7.24. 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 firm also recently announced a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be issued a $0.0533 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.40%. Nexus Industrial REIT's dividend payout ratio (DPR) is presently 26.45%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on NXR.UN. National Bankshares increased their price target on shares of Nexus Industrial REIT from C$6.75 to C$7.25 and gave the company a "sector perform" rating in a report on Thursday, May 22nd. Scotiabank increased their price target on shares of Nexus Industrial REIT from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a report on Wednesday, May 21st. CIBC cut shares of Nexus Industrial REIT from an "outperform" rating to a "neutral" rating and cut their price target for the company from C$8.50 to C$7.50 in a report on Wednesday, June 11th. Finally, Raymond James Financial increased their price target on shares of Nexus Industrial REIT from C$8.25 to C$8.50 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of C$8.18.
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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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