Nexus Industrial REIT (TSE:NXR.UN) Shares Down 1.8% - Should You Sell?

Key Points

• Nexus Industrial REIT shares fell 1.8% to C$7.53, with trading volume 48% above its average. The stock remains below its 50-day and 200-day moving averages of C$8.07 and C$7.93, respectively.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of C$8.50, despite National Bank Financial lowering its target from C$8.75.
• The REIT offers an approximately 8.5% dividend yield through monthly distributions, but its 105.53% payout ratio and high debt-to-equity ratio of 129.95 indicate potential financial risks.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) traded down 1.8% during trading on Tuesday . The stock traded as low as C$7.50 and last traded at C$7.53. 266,091 shares changed hands during trading, an increase of 48% from the average daily volume of 179,961 shares. The stock had previously closed at C$7.67.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial dropped their price target on Nexus Industrial REIT from C$8.75 to C$8.50 and set a "sector perform" rating on the stock in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Nexus Industrial REIT has a consensus rating of "Moderate Buy" and an average price target of C$8.50.

Nexus Industrial REIT Price Performance

The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The business has a 50-day moving average price of C$8.07 and a two-hundred day moving average price of C$7.93. The company has a market capitalization of C$553.38 million, a price-to-earnings ratio of 12.42 and a beta of 1.29.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported C($0.18) earnings per share (EPS) for the quarter. The business had revenue of C$46.62 million during the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. As a group, research analysts anticipate that Nexus Industrial REIT will post 0.7800905 EPS for the current year.

Nexus Industrial REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were paid a $0.0533 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Friday, July 31st. Nexus Industrial REIT's dividend payout ratio (DPR) is 105.53%.

About Nexus Industrial REIT

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 73,490,000 REIT Units and approximately 23,607,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.

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