Nexus Industrial REIT (TSE:NXR.UN) PT Lowered to C$7.50

Nexus Industrial REIT (TSE:NXR.UN) had its target price lowered by research analysts at National Bankshares from C$8.50 to C$7.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 6.84% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. TD Securities reduced their price objective on shares of Nexus Industrial REIT from C$8.00 to C$7.50 in a research note on Wednesday. CIBC reduced their price objective on shares of Nexus Industrial REIT from C$10.50 to C$9.75 in a research note on Friday, March 15th. Raymond James boosted their price objective on shares of Nexus Industrial REIT from C$9.25 to C$9.75 and gave the stock an “outperform” rating in a research note on Monday, January 8th. BMO Capital Markets reduced their price objective on shares of Nexus Industrial REIT from C$8.50 to C$8.00 in a research note on Monday, March 25th. Finally, Royal Bank of Canada decreased their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$8.61.

Nexus Industrial REIT Stock Performance

Shares of TSE:NXR.UN opened at C$7.02 on Wednesday. The company has a market capitalization of C$482.70 million, a price-to-earnings ratio of 3.01 and a beta of 1.45. Nexus Industrial REIT has a 52 week low of C$6.08 and a 52 week high of C$9.97. The company has a quick ratio of 0.12, a current ratio of 0.36 and a debt-to-equity ratio of 139.77. The firm has a 50 day moving average of C$7.57 and a 200 day moving average of C$7.59.

Nexus Industrial REIT Company Profile

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.