Edwin E. Mclaughlin Buys 2,405 Shares of Nexus Industrial REIT (TSE:NXR.UN) Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 2,405 shares of the company’s stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of C$7.96 per share, for a total transaction of C$19,136.10.

Nexus Industrial REIT Price Performance

NXR.UN stock opened at C$8.09 on Wednesday. The business has a 50 day simple moving average of C$8.59 and a 200-day simple moving average of C$7.82. The company has a market capitalization of C$572.29 million, a P/E ratio of 3.34 and a beta of 1.51. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be given a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a yield of 7.91%. The ex-dividend date of this dividend is Friday, November 29th. Nexus Industrial REIT’s payout ratio is currently 26.45%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NXR.UN shares. Raymond James boosted their target price on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Desjardins increased their price objective on 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. Royal Bank of Canada boosted their target price on Nexus Industrial REIT from C$8.00 to C$8.50 in a research note on Friday, August 16th. CIBC increased their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Finally, Scotiabank boosted their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nexus Industrial REIT has a consensus rating of “Moderate Buy” and a consensus target price of C$8.92.

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.