Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin bought 3,548 shares of the business's stock in a transaction dated Friday, June 13th. The shares were bought at an average price of C$7.46 per share, with a total value of C$26,485.11.
Nexus Industrial REIT Price Performance
NXR.UN stock remained flat at C$7.38 during trading on Monday. 68,377 shares of the company traded hands, compared to its average volume of 183,220. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. 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. Nexus Industrial REIT has a 52 week low of C$5.98 and a 52 week high of C$9.15. The firm has a 50-day moving average of C$7.00 and a 200 day moving average of C$7.26.
Nexus Industrial REIT Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were issued a $0.0533 dividend. This represents a $0.64 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend was Wednesday, April 30th. Nexus Industrial REIT's payout ratio is currently 26.45%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on NXR.UN shares. National Bankshares lifted 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. Raymond James raised their price objective 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. Royal Bank of Canada decreased their target price on 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. CIBC lowered Nexus Industrial REIT from an "outperform" rating to a "neutral" rating and cut their price target for the stock from C$8.50 to C$7.50 in a report on Wednesday, June 11th. Finally, Scotiabank raised their price objective on 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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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