Nexus Industrial REIT (TSE:NXR.UN) to Issue Monthly Dividend of $0.05

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.0533 per share on Wednesday, January 15th. This represents a $0.64 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date is Tuesday, December 31st.

Nexus Industrial REIT Stock Performance

Shares of Nexus Industrial REIT stock opened at C$7.70 on Tuesday. The company has a 50-day simple moving average of C$8.03 and a two-hundred day simple moving average of C$7.96. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. Nexus Industrial REIT has a one year low of C$6.47 and a one year high of C$9.15. The company has a market capitalization of C$544.70 million, a PE ratio of 3.18 and a beta of 1.51.

Insider Activity at Nexus Industrial REIT

In related news, Director Edwin E. Mclaughlin acquired 57,120 shares of Nexus Industrial REIT stock in a transaction on Friday, October 4th. The stock was bought at an average cost of C$8.76 per share, for a total transaction of C$500,296.94. Insiders acquired a total of 114,672 shares of company stock worth $955,129 in the last 90 days. Corporate insiders own 32.92% of the company’s stock.

Analyst Upgrades and Downgrades

NXR.UN has been the topic of several research reports. CIBC upped their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Raymond James upped their target price on Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. Finally, BMO Capital Markets lifted their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Nexus Industrial REIT has an average rating of “Moderate Buy” and a consensus price target of C$8.92.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT 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.