Should I buy or sell Nexus Industrial REIT stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexus Industrial REIT in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NXR.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NXR.UN, but not buy additional shares or sell existing shares. View NXR.UN analyst ratings or view top-rated stocks .

What is Nexus Industrial REIT's stock price target for 2024?

6 brokers have issued twelve-month price targets for Nexus Industrial REIT's stock. Their NXR.UN share price targets range from C$8.00 to C$10.00. On average, they predict the company's stock price to reach C$8.93 in the next year. This suggests a possible upside of 27.6% from the stock's current price. View analysts price targets for NXR.UN or view top-rated stocks among Wall Street analysts .

How have NXR.UN shares performed in 2024?

Nexus Industrial REIT's stock was trading at C$8.09 on January 1st, 2024. Since then, NXR.UN shares have decreased by 13.5% and is now trading at C$7.00. View the best growth stocks for 2024 here .

How often does Nexus Industrial REIT pay dividends? What is the dividend yield for Nexus Industrial REIT?

Nexus Industrial REIT announced a monthly dividend on Monday, April 29th. Investors of record on Wednesday, May 15th will be paid a dividend of 0.0533 per share on Wednesday, May 15th. This represents a $0.64 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date of this dividend is Monday, April 29th. Read our dividend analysis for NXR.UN .

Is Nexus Industrial REIT a good dividend stock?

Nexus Industrial REIT (TSE:NXR.UN) pays an annual dividend of C$0.64 per share and currently has a dividend yield of 8.40%. NXR.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.47%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for NXR.UN .

How do I buy shares of Nexus Industrial REIT?

Shares of NXR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:NXR.UN

Nexus Industrial REIT (NXR.UN) Stock Price, News & Analysis

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C$6.93

-0.13 (-1.84%)

(As of 01:56 PM ET)

Compare

Today's Range: C$6.92
▼
C$7.10
50-Day Range: C$7.06
▼
C$8.16
52-Week Range: C$6.08
▼
C$9.97

Volume: 246,907 shs
Average Volume: 148,349 shs
Market Capitalization: C$476.51 million

P/E Ratio: 2.97
Dividend Yield: 9.24%
Price Target: C$8.93

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

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Nexus Industrial REIT MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 27.6% Upside
C$8.93 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.45
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
C$20,016 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.97 out of 5 stars

3.2

Analyst's Opinion

Consensus Rating
Nexus Industrial REIT has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Nexus Industrial REIT has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for NXR.UN.

2.5

Dividend Strength

Dividend Leadership
Nexus Industrial REIT is a leading dividend payer. It pays a dividend yield of 8.40%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Nexus Industrial REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Nexus Industrial REIT is 27.47%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NXR.UN.

3.6

News and Social Media Coverage

News Sentiment
Nexus Industrial REIT has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Nexus Industrial REIT this week, compared to 0 articles on an average week.
MarketBeat Follows
2 people have added Nexus Industrial REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nexus Industrial REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$20,016.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
33.68% of the stock of Nexus Industrial REIT is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 21.91% of the stock of Nexus Industrial REIT is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Nexus Industrial REIT is 3.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nexus Industrial REIT is 3.00, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 209.62.
Price to Book Value per Share Ratio
Nexus Industrial REIT has a P/B Ratio of 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Nexus Industrial REIT Stock (TSE:NXR.UN)

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. The REIT has approximately 109,910,000 units issued and outstanding. Additionally, there are Class B LP Units of subsidiary limited partnerships of Nexus REIT issued and outstanding, which are convertible into approximately 25,667,000 REIT Units.

NXR.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NXR.UN Stock News Headlines

April 13, 2024 | insidertrades.com

Nexus Industrial REIT (TSE:NXR.UN) Director Acquires C$10,022.40 in Stock

April 14, 2024 | americanbankingnews.com

Insider Buying: Nexus Industrial REIT (TSE:NXR.UN) Director Buys 1,392 Shares of Stock

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April 9, 2024 | americanbankingnews.com

Nexus Industrial REIT (TSE:NXR.UN) Receives Consensus Recommendation of "Hold" from Brokerages

March 16, 2024 | seekingalpha.com

Nexus Industrial REIT (EFRTF) Q4 2023 Earnings Call Transcript

November 21, 2023 | markets.businessinsider.com

Robert Chiasson Steps Down; Mike Rawle Appointed as Nexus Industrial REIT’s Chief Financial Officer

November 1, 2023 | finance.yahoo.com

Nexus Industrial REIT Announces Closing of Previously Disclosed Acquisition and Provides an Update on Its Debt

July 25, 2023 | ca.finance.yahoo.com

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May 12, 2023 | finance.yahoo.com

Nexus Industrial REIT Announces Q1 2023 Results and Annual Meeting Voting Results

April 29, 2023 | fool.ca

TSX:NXR.UN (Nexus Industrial REIT)

April 22, 2023 | theglobeandmail.com

Closing Bell: Nexus Real Estate Investment Trust up on Friday (NXR-UN)

April 21, 2023 | theglobeandmail.com

Closing Bell: Nexus Real Estate Investment Trust down on Thursday (NXR-UN)

April 18, 2023 | theglobeandmail.com

Closing Bell: Nexus Real Estate Investment Trust up on Monday (NXR-UN)

December 8, 2022 | finance.yahoo.com

Nexus Industrial REIT Announces Closing of $81.3 Million Bought Deal Equity Offering

October 31, 2022 | msn.com

These 3 Canadian REITs Under $10 Are Cash Cows for Passive Income

September 29, 2022 | fool.ca

TFSA Investors: 3 Dividend Stocks You Haven’t Bought Yet, But Should

July 14, 2022 | theglobeandmail.com

Nexus Real Estate Investment Trust stock dipped on Tuesday.

July 13, 2022 | theglobeandmail.com

Nexus Real Estate Investment Trust stock decreased on Monday.

July 5, 2022 | theglobeandmail.com

Nexus Real Estate Investment Trust stock eased on Tuesday.

June 3, 2022 | fool.ca

Real Estate Investing: Rental Property vs. REIT Investing — Which Is Better?

May 13, 2022 | seekingalpha.com

Nexus Industrial REIT (EFRTF) CEO Kelly Hanczyk on Q1 2022 Results - Earning Calls Transcript

May 2, 2022 | theglobeandmail.com

Monday’s breakouts: An emerging pure-play industrial REIT yielding 5%

April 20, 2022 | ca.finance.yahoo.com

Multiple Rate Hikes in 2022 Spell Trouble for Homebuyers

December 11, 2021 | stockhouse.com

Nexus REIT T.NXR.UN

December 2, 2021 | ca.finance.yahoo.com

2021 TSX IPO Recap: 3 Outperformers and 1 Dud

November 12, 2021 | ca.finance.yahoo.com

Nexus REIT Announces Q3 2021 Results

See More Headlines

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Company Calendar

Ex-Dividend for 3/15 Dividend: 2/28/2024
Dividend Payable: 3/15/2024
Today: 4/18/2024
Ex-Dividend for 5/15 Dividend: 4/29/2024
Dividend Payable: 5/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: REIT - Industrial
Sub-Industry: N/A
Current Symbol: TSE:NXR.UN
CUSIP: N/A
CIK: N/A
Web: www.nexusreit.com
Phone: (403) 817-9496
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$8.93
High Stock Price Target: C$10.00
Low Stock Price Target: C$8.00
Potential Upside/Downside: +26.5%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.33
Trailing P/E Ratio: 3.03
Forward P/E Ratio: 9.46
P/E Growth: N/A
Net Income: C$160.03 million
Net Margins: 101.47%
Pretax Margin: N/A
Return on Equity: 17.09%
Return on Assets: 2.92%

Debt

Debt-to-Equity Ratio: 139.77
Current Ratio: 0.36
Quick Ratio: 0.12

Sales & Book Value

Annual Sales: C$157.72 million
Price / Sales: 3.08
Cash Flow: C$0.13 per share
Price / Cash Flow: 55.47
Book Value: C$14.58 per share
Price / Book: 0.48

Miscellaneous

Outstanding Shares: 68,760,000
Free Float: N/A
Market Cap: C$485.45 million
Optionable: Not Optionable
Beta: 1.45

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Key Executives

Mr. Kelly Clark Hanczyk (Age 54)
CEO & Trustee
Comp: $957.5k
Mr. Robert Paul Chiasson (Age 47)
CFO & Sec.
Comp: $457.5k

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

NXR.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Nexus Industrial REIT stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexus Industrial REIT in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NXR.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NXR.UN, but not buy additional shares or sell existing shares.
View NXR.UN analyst ratings or view top-rated stocks.
What is Nexus Industrial REIT's stock price target for 2024?: 6 brokers have issued twelve-month price targets for Nexus Industrial REIT's stock. Their NXR.UN share price targets range from C$8.00 to C$10.00. On average, they predict the company's stock price to reach C$8.93 in the next year. This suggests a possible upside of 27.6% from the stock's current price.
View analysts price targets for NXR.UN or view top-rated stocks among Wall Street analysts.
How have NXR.UN shares performed in 2024?: Nexus Industrial REIT's stock was trading at C$8.09 on January 1st, 2024. Since then, NXR.UN shares have decreased by 13.5% and is now trading at C$7.00.
View the best growth stocks for 2024 here.
How often does Nexus Industrial REIT pay dividends? What is the dividend yield for Nexus Industrial REIT?: Nexus Industrial REIT announced a monthly dividend on Monday, April 29th. Investors of record on Wednesday, May 15th will be paid a dividend of 0.0533 per share on Wednesday, May 15th. This represents a $0.64 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date of this dividend is Monday, April 29th.
Read our dividend analysis for NXR.UN.

Is Nexus Industrial REIT a good dividend stock?: Nexus Industrial REIT (TSE:NXR.UN) pays an annual dividend of C$0.64 per share and currently has a dividend yield of 8.40%. NXR.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.47%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NXR.UN.
How do I buy shares of Nexus Industrial REIT?: Shares of NXR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:NXR.UN) was last updated on 4/18/2024 by MarketBeat.com Staff

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Nexus Industrial REIT (NXR.UN) Stock Price, News & Analysis

Nexus Industrial REIT MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Nexus Industrial REIT Stock (TSE:NXR.UN)

NXR.UN Stock Price History

NXR.UN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

NXR.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™