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

Nexus Industrial REIT (TSE:NXR.UN) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Two research 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 brokerages that have issued a report on the stock in the last year is C$8.92.

NXR.UN has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. CIBC lifted their price target on Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th.

Insider Buying and Selling at Nexus Industrial REIT

In related news, Director Edwin E. Mclaughlin bought 50,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of C$7.88 per share, with a total value of C$393,845.00. Over the last three months, insiders have acquired 57,552 shares of company stock valued at $454,832. Company insiders own 32.92% of the company’s stock.

Nexus Industrial REIT Trading Down 0.8 %

TSE NXR.UN opened at C$7.74 on Thursday. Nexus Industrial REIT has a 1 year low of C$6.47 and a 1 year high of C$9.15. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The company has a market capitalization of C$547.53 million, a PE ratio of 3.20 and a beta of 1.51. The company has a fifty day moving average of C$7.92 and a 200 day moving average of C$8.00.

Nexus Industrial REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0533 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 8.26%. Nexus Industrial REIT’s dividend payout ratio is currently 26.45%.

Nexus Industrial REIT Company Profile

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.