Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin acquired 8,000 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average price of C$6.49 per share, with a total value of C$51,934.40.
Nexus Industrial REIT Stock Up 1.9 %
Shares of NXR.UN traded up C$0.12 during trading hours on Monday, reaching C$6.47. 214,673 shares of the stock traded hands, compared to its average volume of 204,547. Nexus Industrial REIT has a 52 week low of C$5.98 and a 52 week high of C$9.15. 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 fifty day simple moving average of C$7.02 and a 200 day simple moving average of C$7.66. The company has a market cap of C$457.69 million, a price-to-earnings ratio of 2.67 and a beta of 1.51.
Nexus Industrial REIT Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a dividend yield of 9.89%. The ex-dividend date of this dividend is Wednesday, April 30th. Nexus Industrial REIT's dividend payout ratio is presently 26.45%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on NXR.UN shares. Royal Bank of Canada reduced 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 report on Tuesday, March 11th. Raymond James reduced their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. National Bankshares downgraded shares of Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$8.75 to C$6.75 in a research note on Monday. Scotiabank cut shares of Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$8.50 to C$7.00 in a research note on Tuesday, April 8th. Finally, Desjardins lowered their target price 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$8.22.
Get Our Latest Analysis on NXR.UN
Nexus Industrial REIT Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Nexus Industrial REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexus Industrial REIT wasn't on the list.
While Nexus Industrial REIT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
