Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.18 Consensus PT from Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) have received a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$8.18.

Several research firms recently weighed in on NXR.UN. Scotiabank upped their price objective on shares of Nexus Industrial REIT from C$7.00 to C$7.50 and gave the stock a "sector perform" rating in a research report on Wednesday, May 21st. National Bankshares upped their price objective on shares of Nexus Industrial REIT from C$6.75 to C$7.25 and gave the stock a "sector perform" rating in a research report on Thursday, May 22nd. Desjardins decreased their price objective on shares of 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. Royal Bank of Canada decreased their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating on the stock in a research report on Tuesday, March 11th. Finally, Raymond James increased their price target on shares of Nexus Industrial REIT from C$8.25 to C$8.50 and gave the company an "outperform" rating in a research report on Thursday, May 22nd.

Insider Buying and Selling

In other news, Director Edwin E. Mclaughlin acquired 3,651 shares of the stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of C$7.20 per share, with a total value of C$26,295.60. Also, Director Daniel Martin Oberste acquired 5,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were purchased at an average cost of C$7.54 per share, with a total value of C$37,675.00. Insiders acquired 23,576 shares of company stock valued at $162,699 over the last quarter. 32.92% of the stock is owned by company insiders.

Nexus Industrial REIT Price Performance

Shares of Nexus Industrial REIT stock traded down C$0.04 on Wednesday, reaching C$7.40. The stock had a trading volume of 25,620 shares, compared to its average volume of 184,322. Nexus Industrial REIT has a 1 year low of C$5.98 and a 1 year high of C$9.15. The company has a market cap of C$523.48 million, a P/E ratio of 3.06 and a beta of 1.51. 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 business's 50 day moving average is C$6.95 and its two-hundred day moving average is C$7.27.

Nexus Industrial REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were paid a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date was Wednesday, April 30th. Nexus Industrial REIT's payout ratio is 26.45%.

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.