Nexus Industrial REIT (TSE:NXR.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

Nexus Industrial REIT (TSE:NXR.UN) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$8.72.

NXR.UN has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. Raymond James decreased their target price on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. Finally, CIBC increased their price objective on Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th.

Insider Transactions at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were purchased at an average price of C$7.88 per share, for a total transaction of C$393,845.00. In the last 90 days, insiders have purchased 55,708 shares of company stock worth $438,844. 32.92% of the stock is currently owned by company insiders.

Nexus Industrial REIT Trading Down 2.4 %

Shares of NXR.UN opened at C$7.38 on Monday. The business’s 50-day moving average price is C$7.70 and its 200 day moving average price is C$8.07. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The stock has a market capitalization of C$522.06 million, a P/E ratio of 3.05 and a beta of 1.51. Nexus Industrial REIT has a 1-year low of C$6.47 and a 1-year high of C$9.15.

Nexus Industrial REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be given a $0.0533 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.64 annualized dividend and a yield of 8.67%. Nexus Industrial REIT’s dividend payout ratio is 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.