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

Key Points

• Nexus Industrial REIT declared a monthly dividend of C$0.0533 per unit, with an ex-dividend date of April 30 and payment to shareholders of record on May 15, implying an annualized yield of about 7.9%.
• In the most recent quarter the REIT reported C$0.43 EPS, C$44.88 million in revenue and a return on equity of 16.47%, and analysts forecast roughly C$0.78 EPS for the current fiscal year.
• The company has high leverage (debt-to-equity 129.95) and weak liquidity (current ratio 0.44, quick ratio 0.12), while trading with a market cap of C$784.45M and a PE of 13.16 near its 52‑week high.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) declared a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Shareholders of record on Friday, May 15th will be given a dividend of 0.0533 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, April 30th.

Nexus Industrial REIT Stock Performance

TSE:NXR.UN opened at C$8.08 on Tuesday. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. Nexus Industrial REIT has a fifty-two week low of C$6.65 and a fifty-two week high of C$8.41. The stock's 50-day moving average is C$7.77 and its two-hundred day moving average is C$7.82. The stock has a market cap of C$784.45 million, a PE ratio of 13.16 and a beta of 1.30.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) last released its earnings results on Friday, March 6th. The company reported C$0.43 earnings per share for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%.The company had revenue of C$44.88 million for the quarter. As a group, equities research analysts forecast that Nexus Industrial REIT will post 0.7800905 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.