Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) had its target price hoisted by research analysts at Raymond James from C$8.50 to C$9.25 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 17.24% from the company’s current price.
Several other equities analysts also recently issued reports on the stock. TD Securities decreased their price objective on shares of Nexus Industrial REIT from C$8.00 to C$7.50 in a research note on Wednesday, April 24th. Desjardins reduced their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a “buy” rating for the company in a research report on Thursday, May 16th. National Bankshares upgraded shares of Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$7.50 to C$8.00 in a research report on Thursday, July 18th. Scotiabank dropped their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 in a report on Thursday, May 16th. Finally, CIBC decreased their target price on shares of Nexus Industrial REIT from C$9.75 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$8.72.
Check Out Our Latest Stock Analysis on NXR.UN
Nexus Industrial REIT Trading Up 2.9 %
Insider Activity at Nexus Industrial REIT
In related news, Director Edwin E. Mclaughlin bought 9,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of C$7.07 per share, with a total value of C$63,586.80. In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin bought 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of C$7.07 per share, for a total transaction of C$63,586.80. Also, Director Edwin E. Mclaughlin bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average price of C$6.80 per share, for a total transaction of C$679,850.00. In the last 90 days, insiders have acquired 111,160 shares of company stock worth $758,691. 32.95% of the stock is currently owned by corporate insiders.
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.
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