Nexus Industrial REIT (TSE:NXR.UN) Stock Price Down 0.3% - What's Next?

Key Points

• Nexus Industrial REIT's share price fell by **0.3%** to C$7.86, with trading volume declining **65%** from the average.
• Analysts have mixed views, with **Raymond James** increasing its target price to C$8.50 while **National Bankshares** reduced its target to C$8.25, resulting in an average price target of C$8.34.
• The company announced a monthly dividend of **$0.0533 per share**, representing a **dividend yield of 8.1%** with an ex-dividend date of August 29th.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) shares traded down 0.3% during mid-day trading on Thursday . The stock traded as low as C$7.85 and last traded at C$7.86. 58,537 shares were traded during mid-day trading, a decline of 65% from the average session volume of 168,771 shares. The stock had previously closed at C$7.88.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. 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 note on Wednesday, August 13th. Raymond James Financial lifted their price target on Nexus Industrial REIT from C$8.25 to C$8.50 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. TD Securities lifted their price target on Nexus Industrial REIT from C$7.00 to C$8.00 and gave the company a "hold" rating in a research note on Wednesday, August 13th. CIBC raised their price objective on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Finally, Scotiabank raised their price objective on Nexus Industrial REIT from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$8.34.

Nexus Industrial REIT Price Performance

The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The business has a fifty day simple moving average of C$7.75 and a 200 day simple moving average of C$7.29. The stock has a market capitalization of C$558.14 million, a P/E ratio of 3.26 and a beta of 1.51.

Nexus Industrial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Friday, August 29th. Nexus Industrial REIT's payout ratio is currently 26.45%.

Insider Buying and Selling

In other Nexus Industrial REIT news, Director Daniel Martin Oberste bought 5,000 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of C$7.54 per share, for a total transaction of C$37,675.00. Also, Director Edwin E. Mclaughlin bought 3,372 shares of Nexus Industrial REIT stock in a transaction dated Tuesday, July 15th. The stock was acquired at an average cost of C$7.91 per share, with a total value of C$26,678.25. Insiders have acquired a total of 11,920 shares of company stock valued at $90,838 over the last three months. Corporate insiders own 32.92% of the company's stock.

About Nexus Industrial REIT

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.