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

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)'s share price was down 0.3% on Thursday . The stock traded as low as C$7.85 and last traded at C$7.86. Approximately 58,537 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 168,771 shares. The stock had previously closed at C$7.88.

Analysts Set New Price Targets

Several analysts have commented on the company. Raymond James Financial increased their target price 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. National Bankshares cut their target price 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. TD Securities increased their target price 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 increased their target price on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Finally, Scotiabank increased their target price on Nexus Industrial REIT from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$8.34.

Nexus Industrial REIT Trading Down 0.3%

The company has a market cap of C$556.02 million, a PE ratio of 3.25 and a beta of 1.51. 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 company has a 50-day moving average of C$7.71 and a 200 day moving average of C$7.28.

Nexus Industrial REIT Dividend Announcement

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

Insider Activity at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin bought 3,548 shares of the company's stock in a transaction on Friday, June 13th. The stock was acquired at an average price 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 company's stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of C$7.54 per share, with a total value of C$37,675.00. Insiders have acquired 11,920 shares of company stock valued at $90,838 in the last 90 days. Company 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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