Edwin E. Mclaughlin Purchases 3,548 Shares of Nexus Industrial REIT (TSE:NXR.UN) Stock

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin purchased 3,548 shares of the business's stock in a transaction on Friday, June 13th. The shares were acquired at an average price of C$7.46 per share, with a total value of C$26,485.11.

Nexus Industrial REIT Stock Up 0.5%

Shares of NXR.UN traded up C$0.04 on Thursday, hitting C$7.42. 35,361 shares of the stock traded hands, compared to its average volume of 180,951. The company has a market capitalization of C$524.89 million, a PE ratio of 3.07 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. The business has a 50 day simple moving average of C$7.08 and a 200 day simple moving average of C$7.25. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$9.15.

Nexus Industrial REIT Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a dividend yield of 8.62%. The ex-dividend date was Wednesday, April 30th. Nexus Industrial REIT's dividend payout ratio (DPR) is currently 26.45%.

Analyst Ratings Changes

NXR.UN has been the subject of several analyst reports. Royal Bank Of Canada cut their price target 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 report on Tuesday, March 11th. Raymond James Financial 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 report on Thursday, May 22nd. CIBC lowered shares of Nexus Industrial REIT from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from C$8.50 to C$7.50 in a report on Wednesday, June 11th. Desjardins dropped 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 report on Tuesday, March 11th. Finally, Scotiabank increased their target price on shares of Nexus Industrial REIT from C$7.00 to C$7.50 and gave the stock a "sector perform" rating in a report on Wednesday, May 21st. Four 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 an average rating of "Hold" and an average 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.