Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) announced a monthly dividend on Monday, April 29th, TickerTech reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.0533 per share on Wednesday, May 15th. This represents a $0.64 annualized dividend and a yield of 9.06%. The ex-dividend date of this dividend is Monday, April 29th.
Nexus Industrial REIT Stock Up 0.6 %
NXR.UN traded up C$0.04 on Friday, hitting C$7.06. 93,614 shares of the company were exchanged, compared to its average volume of 148,745. Nexus Industrial REIT has a 12 month low of C$6.08 and a 12 month high of C$9.97. The company has a market cap of C$485.45 million, a PE ratio of 3.03 and a beta of 1.45. The company has a debt-to-equity ratio of 139.77, a quick ratio of 0.12 and a current ratio of 0.36. The stock's fifty day moving average is C$7.53 and its 200-day moving average is C$7.59.
Analyst Upgrades and Downgrades
Several research firms have issued reports on NXR.UN. Raymond James dropped their price objective on Nexus Industrial REIT from C$9.75 to C$9.00 and set an "outperform" rating on the stock in a research note on Wednesday. National Bankshares dropped their price objective on Nexus Industrial REIT from C$8.50 to C$7.50 and set a "sector perform" rating on the stock in a research note on Wednesday. Royal Bank of Canada dropped their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set a "sector perform" rating on the stock in a research note on Monday, March 18th. CIBC lowered their target price on Nexus Industrial REIT from C$10.50 to C$9.75 in a research note on Friday, March 15th. Finally, Laurentian set a C$10.00 target price on Nexus Industrial REIT and gave the stock a "buy" rating in a research note on Monday, January 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Nexus Industrial REIT currently has a consensus rating of "Hold" and a consensus price target of C$8.61.
View Our Latest Analysis on NXR.UN
About Nexus Industrial REIT
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Nexus 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 located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.
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