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

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) announced a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Stockholders of record on Thursday, May 15th will be paid a dividend of 0.0533 per share on Thursday, May 15th. This represents a $0.64 annualized dividend and a dividend yield of 9.42%. The ex-dividend date of this dividend is Wednesday, April 30th.

Nexus Industrial REIT Trading Up 1.0 %

Nexus Industrial REIT stock traded up C$0.07 during mid-day trading on Friday, hitting C$6.79. The company's stock had a trading volume of 110,075 shares, compared to its average volume of 191,707. 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 company has a 50 day moving average of C$6.85 and a 200-day moving average of C$7.49. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$9.15. The stock has a market cap of C$480.32 million, a PE ratio of 2.81 and a beta of 1.51.

Insider Transactions at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin purchased 8,000 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were acquired at an average cost of C$6.49 per share, with a total value of C$51,934.40. In the last three months, insiders purchased 14,925 shares of company stock valued at $98,728. Corporate insiders own 32.92% of the company's stock.

Analyst Ratings Changes

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

About Nexus Industrial REIT

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.