Raymond James Issues Pessimistic Forecast for Nexus Industrial REIT (TSE:NXR.UN) Stock Price

Posted by ABMN Staff on Jan 15th, 2025

Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) had its price target lowered by investment analysts at Raymond James from C$9.75 to C$9.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 20.00% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. CIBC raised their price objective on Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. BMO Capital Markets lifted their price target on Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$8.86.

Read Our Latest Stock Analysis on Nexus Industrial REIT

Nexus Industrial REIT Trading Down 0.3 %

Shares of NXR.UN opened at C$7.50 on Monday. 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 has a market cap of C$530.55 million, a price-to-earnings ratio of 3.10 and a beta of 1.51. The business’s fifty day moving average is C$7.87 and its 200-day moving average is C$8.02.

Insider Buying and Selling at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of C$7.88 per share, for a total transaction of C$393,845.00. In the last quarter, insiders purchased 55,708 shares of company stock worth $438,844. Insiders own 32.92% of the company’s stock.

About Nexus Industrial REIT

(Get Free Report)

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.