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

Key Points

• Nexus Industrial REIT has declared a monthly dividend of $0.05 per share, with shareholders of record set to receive it on September 15th, resulting in an annualized yield of 8.2%.
• The stock is currently priced at C$7.84, with a market capitalization of C$554.60 million and a price-to-earnings ratio of 3.24.
• Analysts have mixed opinions on the stock, with a target price ranging from C$7.50 to C$8.50 and an average rating of "Hold" based on multiple recent reports.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) declared a monthly dividend on Friday, August 29th, TickerTech Dividends reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.0533 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Friday, August 29th.

Nexus Industrial REIT Trading Down 0.6%

Shares of NXR.UN opened at C$7.84 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. Nexus Industrial REIT has a 12-month low of C$5.98 and a 12-month high of C$9.15. The firm has a market capitalization of C$554.60 million, a PE ratio of 3.24 and a beta of 1.51. The stock's fifty day simple moving average is C$7.74 and its 200-day simple moving average is C$7.29.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NXR.UN shares. Scotiabank upped their price target on Nexus Industrial REIT from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. National Bankshares dropped their price objective on Nexus Industrial REIT from C$8.50 to C$8.25 and set a "sector perform" rating for the company in a report on Wednesday, August 13th. CIBC upped their price objective on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. TD Securities increased their price target on Nexus Industrial REIT from C$7.00 to C$8.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Finally, Raymond James Financial increased their price target on 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. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$8.34.

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.

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