Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.92 Consensus Target Price from Brokerages

Nexus Industrial REIT (TSE:NXR.UN) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$8.86.

Several analysts have weighed in on the stock. Raymond James dropped their price objective on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday. CIBC boosted their price target on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets raised their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th.

Insider Activity at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin acquired 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was purchased at an average cost of C$7.88 per share, with a total value of C$393,845.00. Insiders have purchased 55,708 shares of company stock worth $438,844 over the last ninety days. Insiders own 32.92% of the company’s stock.

Nexus Industrial REIT Stock Down 2.3 %

Shares of NXR.UN opened at C$7.52 on Thursday. The firm has a market cap of C$531.96 million, a P/E ratio of 3.11 and a beta of 1.51. 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 52 week low of C$6.47 and a 52 week high of C$9.15. The firm’s 50-day simple moving average is C$7.89 and its 200 day simple moving average is C$8.02.

Nexus Industrial REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a $0.0533 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.64 annualized dividend and a dividend yield of 8.51%. Nexus Industrial REIT’s payout ratio is 26.45%.

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.