Nexus Industrial REIT (TSE:NXR.UN) Given Average Rating of "Hold" by Brokerages

Key Points

• Nexus Industrial REIT has received an average rating of "Hold" from seven rating firms, with five recommending a hold and two a buy.
• The company declared a monthly dividend of $0.0533 per share, yielding about 8.2%, with a payout ratio of 209.97%.
• Nexus Industrial REIT's stock currently has a market cap of C$759.66 million and a 1-year price objective set at C$8.34 by analysts.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) has earned an average recommendation of "Hold" from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$8.34.

NXR.UN has been the topic of a number of analyst reports. National Bankshares lowered their target price on shares of 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. TD Securities upped 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. CIBC upped their price objective on shares of Nexus Industrial REIT from C$7.50 to C$8.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial upped their price objective on shares of Nexus Industrial REIT from C$8.25 to C$8.50 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd.

Nexus Industrial REIT Stock Performance

TSE NXR.UN opened at C$7.83 on Friday. The stock has a market cap of C$759.66 million, a P/E ratio of 25.69 and a beta of 1.90. The company's 50-day simple moving average is C$7.80 and its 200 day simple moving average is C$7.34. Nexus Industrial REIT has a twelve month low of C$5.98 and a twelve month high of C$9.12. 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 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.0533 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Monday, September 29th. Nexus Industrial REIT's dividend payout ratio is 209.97%.

Insider Activity at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin acquired 3,372 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average cost of C$7.91 per share, for a total transaction of C$26,678.25. 32.92% of the stock is owned by company insiders.

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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