Nexus Industrial REIT (TSE:NXR.UN) Shares Down 0.3% - Here's What Happened

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report)'s share price fell 0.3% during trading on Monday . The stock traded as low as C$7.81 and last traded at C$7.84. 105,049 shares were traded during trading, a decline of 40% from the average session volume of 175,276 shares. The stock had previously closed at C$7.86.

Analyst Upgrades and Downgrades

NXR.UN has been the topic of several research reports. Scotiabank upped their price objective 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. National Bankshares raised 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. CIBC cut shares of Nexus Industrial REIT from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from C$8.50 to C$7.50 in a research note on Wednesday, June 11th. Finally, Raymond James Financial upped 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$8.18.

Nexus Industrial REIT Stock Performance

The stock has a market cap of C$536.92 million, a P/E ratio of 3.14 and a beta of 1.51. The stock's 50-day moving average is C$7.57 and its two-hundred day moving average is C$7.24. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12.

Nexus Industrial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.0533 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 8.4%. Nexus Industrial REIT's dividend payout ratio (DPR) is 26.45%.

Insider Transactions at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin purchased 3,651 shares of the stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of C$7.20 per share, for a total transaction of C$26,295.60. Also, Director Daniel Martin Oberste bought 5,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average price of C$7.54 per share, with a total value of C$37,675.00. Insiders have acquired a total of 15,571 shares of company stock worth $117,134 in the last three months. 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.