Nexus Industrial REIT (TSE:NXR.UN) Plans Monthly Dividend of $0.05

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Shareholders of record on Thursday, May 15th will be given a dividend of 0.0533 per share on Thursday, May 15th. This represents a $0.64 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date is Wednesday, April 30th.

Nexus Industrial REIT Stock Performance

NXR.UN stock traded up C$0.02 during trading on Thursday, reaching C$6.72. 129,232 shares of the company's stock were exchanged, compared to its average volume of 192,679. The company's fifty day moving average price is C$6.86 and its 200-day moving average price is C$7.50. 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 firm has a market cap of C$475.37 million, a PE ratio of 2.78 and a beta of 1.51. Nexus Industrial REIT has a 1-year low of C$5.98 and a 1-year high of C$9.15.

Insider Buying and Selling at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin acquired 8,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was bought at an average price of C$6.49 per share, with a total value of C$51,934.40. In the last quarter, insiders have bought 14,925 shares of company stock worth $98,728. Corporate insiders own 32.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NXR.UN shares. Desjardins reduced their price objective on Nexus Industrial REIT from C$9.50 to C$8.75 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Scotiabank cut Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$8.50 to C$7.00 in a research report on Tuesday, April 8th. National Bankshares cut Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$8.75 to C$6.75 in a research report on Monday, April 14th. Raymond James reduced their price target on Nexus Industrial REIT from C$9.00 to C$8.50 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada cut their price objective 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$8.32.

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.