Nexus Industrial REIT (TSE:NXR.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) has received an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$8.81.

A number of analysts recently weighed in on NXR.UN shares. Royal Bank of Canada boosted their target price on Nexus Industrial REIT from C$8.00 to C$8.50 in a research report on Friday, August 16th. Desjardins increased their target price on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the company a “buy” rating in a report on Friday, August 16th. BMO Capital Markets boosted their price target on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a research note on Monday, August 19th. National Bankshares raised 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 note on Thursday, July 18th. Finally, Scotiabank boosted their target price on Nexus Industrial REIT from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, August 16th.

Read Our Latest Research Report on NXR.UN

Nexus Industrial REIT Trading Down 0.9 %

Shares of NXR.UN stock opened at C$8.67 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm has a market cap of C$613.32 million, a P/E ratio of 3.64 and a beta of 1.51. The company has a 50 day moving average of C$8.31 and a 200-day moving average of C$7.58. Nexus Industrial REIT has a 12-month low of C$6.08 and a 12-month high of C$9.15.

Nexus Industrial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be issued a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Thursday, October 31st. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 26.89%.

Insider Buying and Selling

In related news, Director Edwin E. Mclaughlin purchased 57,120 shares of Nexus Industrial REIT stock in a transaction dated Friday, October 4th. The stock was purchased at an average cost of C$8.76 per share, with a total value of C$500,296.94. In related news, Director Edwin E. Mclaughlin acquired 57,120 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were purchased at an average cost of C$8.76 per share, with a total value of C$500,296.94. Also, Director Edwin E. Mclaughlin bought 53,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of C$8.45 per share, with a total value of C$448,024.90. In the last three months, insiders acquired 113,902 shares of company stock valued at $981,797. Insiders own 32.92% of the company’s stock.

About Nexus Industrial REIT

(Get Free Report

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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Analyst Recommendations for Nexus Industrial REIT (TSE:NXR.UN)

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