TSE:NXR.UN

Nexus Industrial REIT - NXR.UN Stock Forecast, Price & News

C$9.55

-0.09 (-0.93%)

(As of 03/22/2023 02:03 PM ET)

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Today's Range: C$9.51
▼
C$9.63
50-Day Range: C$9.62
▼
C$11.10
52-Week Range: C$8.15
▼
C$14.03

Volume: 48,223 shs
Average Volume: 157,368 shs
Market Capitalization: C$648.54 million

P/E Ratio: 5.43
Dividend Yield: 6.70%
Price Target: C$11.97

Nexus Industrial REIT MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 25.3% Upside
C$11.97 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.62
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

4.3

Analyst's Opinion

Consensus Rating
Nexus Industrial REIT has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$11.97, Nexus Industrial REIT has a forecasted upside of 25.3% from its current price of C$9.55.
Amount of Analyst Coverage
Nexus Industrial REIT has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 6.52%, 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 36.36%. 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.

0.8

News and Social Media Coverage

News Sentiment
Nexus Industrial REIT has a news sentiment score of -0.62. 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 lower news sentiment than the 0.49 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Nexus Industrial REIT this week, compared to 0 articles on an average week.
Search Interest
Only 1 people have searched for NXR.UN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nexus Industrial REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
27.02% 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 21.02% 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 5.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.27.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nexus Industrial REIT is 5.43, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 166.21.
Price to Book Value per Share Ratio
Nexus Industrial REIT has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

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.

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NXR.UN Stock News Headlines

March 20, 2023 | americanbankingnews.com

Scotiabank Trims Nexus Industrial REIT (TSE:NXR.UN) Target Price to C$11.50

March 19, 2023 | americanbankingnews.com

Royal Bank of Canada Trims Nexus Industrial REIT (TSE:NXR.UN) Target Price to C$11.00

March 22, 2023 | Behind the Markets (Ad)

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March 17, 2023 | americanbankingnews.com

Nexus Industrial REIT (TSE:NXR.UN) Price Target Cut to C$11.00 by Analysts at National Bankshares

March 17, 2023 | americanbankingnews.com

Nexus Industrial REIT (TSE:NXR.UN) Price Target Lowered to C$12.50 at Raymond James

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

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March 22, 2023 | Investing Daily (Ad)

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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 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

October 29, 2021 | msn.com

2 Real Estate Stocks to Buy Now

October 19, 2021 | msn.com

The 3 Best Canadian Dividend Stocks to Buy With $1,000 Now

May 23, 2020 | finance.yahoo.com

One Analyst Thinks Nexus Real Estate Investment Trust's (CVE:NXR.UN) Revenues Are Under Threat

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NXR.UN Company Calendar

Ex-Dividend for 1/16 Dividend: 12/29/2022
Dividend Payable: 1/16/2023
Ex-Dividend for 3/15 Dividend: 2/27/2023
Dividend Payable: 3/15/2023
Today: 3/22/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: REIT - Industrial
Sub-Industry: N/A
Sector: Real Estate
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 Forecast: C$11.97
High Stock Price Forecast: C$14.00
Low Stock Price Forecast: C$11.00
Forecasted Upside/Downside: +25.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.76
Trailing P/E Ratio: 5.41
Forward P/E Ratio: 15.55
P/E Growth: N/A
Net Income: C$120.87 million
Net Margins: 87.01%
Pretax Margin: N/A
Return on Equity: 15.48%
Return on Assets: 3.16%

Debt

Debt-to-Equity Ratio: 117.24
Current Ratio: 0.81
Quick Ratio: 0.12

Sales & Book Value

Annual Sales: C$138.92 million
Price / Sales: 4.66
Cash Flow: C$0.17 per share
Price / Cash Flow: 55.47
Book Value: C$12.96 per share
Price / Book: 0.74

Miscellaneous

Outstanding Shares: 67,910,000
Free Float: N/A
Market Cap: C$647.18 million
Optionable: Not Optionable
Beta: 1.24

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

Kelly Clark Hanczyk
Bought 3,100 shares on 9/14/2022
Total: C$29,512.00 ($9.52/share)

View All Insider Transactions

NXR.UN Stock - 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 year. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NXR.UN shares.
View NXR.UN analyst ratings or view top-rated stocks.
What is Nexus Industrial REIT's stock price forecast for 2023?: 6 equities research analysts have issued 1 year target prices for Nexus Industrial REIT's stock. Their NXR.UN share price forecasts range from C$11.00 to C$14.00. On average, they expect the company's stock price to reach C$11.97 in the next year. This suggests a possible upside of 25.6% 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 2023?: Nexus Industrial REIT's stock was trading at C$9.64 on January 1st, 2023. Since then, NXR.UN stock has decreased by 1.1% and is now trading at C$9.53.
View the best growth stocks for 2023 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, February 27th. Shareholders of record on Wednesday, March 15th will be paid a dividend of 0.0533 per share on Wednesday, March 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend is Monday, February 27th.
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 6.52%. 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 36.36%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NXR.UN.
What is Nexus Industrial REIT's stock symbol?: Nexus Industrial REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "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.
What is Nexus Industrial REIT's stock price today?: One share of NXR.UN stock can currently be purchased for approximately C$9.53.
How much money does Nexus Industrial REIT make?: Nexus Industrial REIT (TSE:NXR.UN) has a market capitalization of C$647.18 million and generates C$138.92 million in revenue each year. The company earns C$120.87 million in net income (profit) each year or C$1.76 on an earnings per share basis.
How can I contact Nexus Industrial REIT?: The official website for the company is www.nexusreit.com. The company can be reached via phone at (403) 817-9496.

This page (TSE:NXR.UN) was last updated on 3/22/2023 by MarketBeat.com Staff

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Nexus Industrial REIT - NXR.UN Stock Forecast, Price & News

Nexus Industrial REIT MarketRank™ Forecast

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

Search Interest

Company Ownership

Earnings and Valuation

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

NXR.UN Stock News Headlines

NXR.UN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

NXR.UN Stock - Frequently Asked Questions

Overall MarketRank^™