Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) had its price objective dropped by stock analysts at National Bankshares from C$8.50 to C$8.25 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' target price suggests a potential upside of 4.30% from the stock's current price.
Several other research firms have also weighed in on NXR.UN. Scotiabank boosted their target price on Nexus Industrial REIT from C$7.00 to C$7.50 and gave the stock a "sector perform" rating in a report on Wednesday, May 21st. Raymond James Financial boosted their target price 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. TD Securities boosted their target price on Nexus Industrial REIT from C$7.00 to C$8.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, CIBC upped their price target on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the stock a "neutral" rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Nexus Industrial REIT currently has a consensus rating of "Hold" and an average price target of C$8.34.
Read Our Latest Stock Analysis on NXR.UN
Nexus Industrial REIT Stock Performance
NXR.UN traded up C$0.05 on Wednesday, hitting C$7.91. The company had a trading volume of 78,197 shares, compared to its average volume of 171,927. The company's fifty day moving average price is C$7.64 and its 200 day moving average price is C$7.26. 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 debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The stock has a market cap of C$559.55 million, a price-to-earnings ratio of 3.27 and a beta of 1.51.
Insider Activity at Nexus Industrial REIT
In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 3,372 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were bought at an average price of C$7.91 per share, for a total transaction of C$26,678.25. Also, Director Daniel Martin Oberste purchased 5,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average price of C$7.54 per share, for a total transaction of C$37,675.00. Over the last three months, insiders have purchased 15,571 shares of company stock valued at $117,134. 32.92% of the stock is currently owned by insiders.
About Nexus Industrial REIT
(
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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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