Nexus Industrial REIT Announces Monthly Dividend of $0.05 (TSE:NXR.UN)

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.0533 per share on Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 8.57%. The ex-dividend date is Friday, February 28th.

Nexus Industrial REIT Stock Performance

Shares of Nexus Industrial REIT stock traded up C$0.11 during mid-day trading on Wednesday, hitting C$7.46. 52,410 shares of the stock were exchanged, compared to its average volume of 173,549. The company has a market capitalization of C$527.72 million, a P/E ratio of 3.08 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The company has a 50-day simple moving average of C$7.50 and a 200 day simple moving average of C$8.03. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. CIBC boosted their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Raymond James reduced their price target on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$8.72.

Insider Buying and Selling

In related news, Director Edwin E. Mclaughlin purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of C$7.88 per share, for a total transaction of C$393,845.00. 32.92% of the stock is currently owned by insiders.

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.