Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$8.38.
NXR.UN has been the subject of several analyst reports. TD Securities raised their target price on 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. Desjardins upped their price target on Nexus Industrial REIT from C$8.75 to C$9.00 and gave the company a "buy" rating in a research report on Monday, October 6th. CIBC upped their price target on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Finally, National Bankshares decreased 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 report on Wednesday, August 13th.
View Our Latest Research Report on NXR.UN
Nexus Industrial REIT Stock Down 2.1%
Shares of TSE NXR.UN opened at C$7.74 on Tuesday. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$8.88. 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 business's fifty day moving average price is C$7.83 and its 200-day moving average price is C$7.44. The stock has a market capitalization of C$750.92 million, a PE ratio of 25.40 and a beta of 1.73.
Nexus Industrial REIT Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 14th will be given a dividend of $0.0533 per share. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 8.3%. Nexus Industrial REIT's dividend payout ratio is currently 209.97%.
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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