Nexus Industrial REIT (TSE:NXR.UN) Receives Average Recommendation of "Hold" from Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) have been assigned an average rating of "Hold" from the six research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$8.18.

NXR.UN has been the topic of a number of analyst reports. CIBC lowered Nexus Industrial REIT from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from C$8.50 to C$7.50 in a research report on Wednesday, June 11th. Scotiabank raised their target price on shares of 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. National Bankshares upped their price target on shares of Nexus Industrial REIT from C$6.75 to C$7.25 and gave the company a "sector perform" rating in a report on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating for the company in a research report on Tuesday, March 11th. Finally, 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.

Nexus Industrial REIT Price Performance

NXR.UN stock opened at C$7.87 on Friday. The firm has a 50 day simple moving average of C$7.28 and a two-hundred day simple moving average of C$7.22. 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$556.72 million, a PE ratio of 3.25 and a beta of 1.51. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$9.15.

Nexus Industrial REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend was Wednesday, April 30th. Nexus Industrial REIT's dividend payout ratio (DPR) is presently 26.45%.

Insider Transactions at Nexus Industrial REIT

In related news, Director Edwin E. Mclaughlin acquired 3,548 shares of Nexus Industrial REIT stock in a transaction dated Friday, June 13th. The stock was purchased at an average cost of C$7.46 per share, for a total transaction of C$26,485.11. Also, Director Daniel Martin Oberste bought 5,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average price of C$7.54 per share, for a total transaction of C$37,675.00. Over the last 90 days, insiders have acquired 23,895 shares of company stock valued at $166,807. Corporate insiders own 32.92% of the company's stock.

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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