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

Key Points

• Nexus Industrial REIT has declared a monthly dividend of C$0.0533 per share, representing an annualized yield of 8.3%.
• Analysts have adjusted price targets for the stock, with a consensus price target of C$8.34 and ratings ranging from "Buy" to "Hold."
• The stock is currently priced at C$7.73 and has shown a significant range over the past year, with a low of C$5.98 and a high of C$8.99.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) declared a monthly dividend on Monday, September 29th, TickerTech Dividends reports. Stockholders of record on Wednesday, October 15th will be paid a dividend of 0.0533 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, September 29th.

Nexus Industrial REIT Stock Performance

TSE:NXR.UN opened at C$7.73 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The stock has a 50 day simple moving average of C$7.80 and a 200 day simple moving average of C$7.37. Nexus Industrial REIT has a 1-year low of C$5.98 and a 1-year high of C$8.99. The stock has a market cap of C$749.96 million, a P/E ratio of 25.36 and a beta of 1.90.

Analysts Set New Price Targets

Several equities analysts have commented on NXR.UN shares. CIBC raised their target price on shares of 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. National Bankshares cut their price target on Nexus Industrial REIT from C$8.50 to C$8.25 and set a "sector perform" rating on the stock in a research note on Wednesday, August 13th. Finally, TD Securities boosted their price objective on shares of Nexus Industrial REIT from C$7.00 to C$8.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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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