TSE:NXR.UN

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

C$7.52

-0.20 (-2.59%)

(As of 09/25/2023 ET)

Compare

Today's Range: C$7.49
▼
C$7.71
50-Day Range: C$7.72
▼
C$8.49
52-Week Range: C$7.49
▼
C$11.25

Volume: 113,520 shs
Average Volume: 126,858 shs
Market Capitalization: C$512.79 million

P/E Ratio: 5.78
Dividend Yield: 8.51%
Price Target: C$10.96

Profile Analyst Ratings Chart Competitors Dividend Headlines Social Media

Nexus Industrial REIT MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 45.8% Upside
C$10.96 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

2.28 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Nexus Industrial REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$10.96, Nexus Industrial REIT has a forecasted upside of 45.8% from its current price of C$7.52.
Amount of Analyst Coverage
Nexus Industrial REIT has only been the subject of 2 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 8.23%, 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 49.23%. 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.

0.6

News and Social Media Coverage

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.
MarketBeat Follows
1 people have added Nexus Industrial REIT to their MarketBeat watchlist in the last 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
30.50% 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 23.83% 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 5.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nexus Industrial REIT is 5.78, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 133.24.
Price to Book Value per Share Ratio
Nexus Industrial REIT has a P/B Ratio of 0.55. 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.

NXR.UN Price History

30 days | 90 days | 365 days | Advanced Chart

NXR.UN Stock News Headlines

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

Retire Early: How to Earn $300 Per Month From Your TFSA

May 12, 2023 | finance.yahoo.com

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

September 25, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

And a consultant for the Dept. of Defense (Joel Litman) says this is all leading to an event in the next 20 months that could help some get vastly wealthier… but also make it harder than ever to hang onto any money you make.This might be the most important development affecting you and your money over the next few years—

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

September 25, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

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

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

October 22, 2020 | uk.news.yahoo.com

Read This Before Selling Nexus Real Estate Investment Trust (CVE:NXR.UN) Shares

May 23, 2020 | finance.yahoo.com

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

April 17, 2020 | news.yahoo.com

Should I book my summer vacation trip now?

See More Headlines

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NXR.UN Company Calendar

Ex-Dividend for 8/15 Dividend: 7/28/2023
Dividend Payable: 8/15/2023
Today: 9/25/2023

Get Stock Alerts

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$10.96
High Stock Price Forecast: C$12.75
Low Stock Price Forecast: C$9.25
Forecasted Upside/Downside: +46.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.30
Trailing P/E Ratio: 5.77
Forward P/E Ratio: 9.37
P/E Growth: N/A
Net Income: C$104.10 million
Net Margins: 69.71%
Pretax Margin: N/A
Return on Equity: 12.13%
Return on Assets: 2.98%

Debt

Debt-to-Equity Ratio: 133.28
Current Ratio: 0.53
Quick Ratio: 0.12

Sales & Book Value

Annual Sales: C$149.35 million
Price / Sales: 3.42
Cash Flow: C$0.14 per share
Price / Cash Flow: 55.47
Book Value: C$13.79 per share
Price / Book: 0.54

Miscellaneous

Outstanding Shares: 68,190,000
Free Float: N/A
Market Cap: C$511.43 million
Optionable: Not Optionable
Beta: 1.28

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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

NXR.UN Stock - Frequently Asked Questions

Should I buy or sell Nexus Industrial REIT stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexus Industrial REIT in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate 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 analysts have issued 1 year price objectives for Nexus Industrial REIT's stock. Their NXR.UN share price forecasts range from C$9.25 to C$12.75. On average, they predict the company's share price to reach C$10.96 in the next year. This suggests a possible upside of 46.2% 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 at the start of the year. Since then, NXR.UN stock has decreased by 22.2% and is now trading at C$7.50.
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 declared a monthly dividend on Friday, July 28th. Shareholders of record on Tuesday, August 15th will be paid a dividend of 0.0533 per share on Tuesday, August 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date is Friday, July 28th.
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 8.23%. 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 49.23%. 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$7.50.
How much money does Nexus Industrial REIT make?: Nexus Industrial REIT (TSE:NXR.UN) has a market capitalization of C$511.43 million and generates C$149.35 million in revenue each year. The company earns C$104.10 million in net income (profit) each year or C$1.30 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 9/25/2023 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

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

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

NXR.UN Price History

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

NXR.UN Stock - Frequently Asked Questions

Overall MarketRank^™