TSE:NXR.UN

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

C$7.29
+0.06 (+0.83%)
(As of 04/23/2024 ET)
Today's Range
C$7.21
C$7.34
50-Day Range
C$6.99
C$8.08
52-Week Range
C$6.08
C$9.97
Volume
108,017 shs
Average Volume
150,919 shs
Market Capitalization
C$501.26 million
P/E Ratio
3.13
Dividend Yield
8.78%
Price Target
C$8.93

Nexus Industrial REIT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
22.5% Upside
C$8.93 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
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.

2.23 out of 5 stars

NXR.UN stock logo

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

NXR.UN Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Retire Early: How to Earn $300 Per Month From Your TFSA
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
TSX:NXR.UN (Nexus Industrial REIT)
Multiple Rate Hikes in 2022 Spell Trouble for Homebuyers
Nexus REIT T.NXR.UN
2021 TSX IPO Recap: 3 Outperformers and 1 Dud
Nexus REIT Announces Q3 2021 Results
2 Real Estate Stocks to Buy Now
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Today
4/23/2024
Ex-Dividend for 5/15 Dividend
4/29/2024
Dividend Payable
5/15/2024

Industry, Sector and Symbol

Industry
REIT - Industrial
Sub-Industry
N/A
Current Symbol
TSE:NXR.UN
CIK
N/A
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
+22.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
C$160.03 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$157.72 million
Cash Flow
C$0.13 per share
Book Value
C$14.58 per share

Miscellaneous

Free Float
N/A
Market Cap
C$501.26 million
Optionable
Not Optionable
Beta
1.45
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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 1-year target prices 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 share price to reach C$8.93 in the next year. This suggests a possible upside of 22.5% 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 at the beginning of the year. Since then, NXR.UN shares have decreased by 9.9% and is now trading at C$7.29.
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 declared a monthly dividend on Monday, April 29th. Stockholders 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 8.77%. 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 4/23/2024 by MarketBeat.com Staff

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