Nexus Industrial REIT (TSE:NXR.UN) Director Purchases C$22,376.97 in Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin purchased 3,229 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of C$6.93 per share, with a total value of C$22,376.97.

Nexus Industrial REIT Stock Performance

TSE NXR.UN opened at C$6.90 on Friday. The company has a market capitalization of C$488.11 million, a price-to-earnings ratio of 2.85 and a beta of 1.51. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15. The stock has a fifty day simple moving average of C$7.25 and a 200 day simple moving average of C$7.87.

Nexus Industrial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.0533 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.27%. Nexus Industrial REIT’s dividend payout ratio (DPR) is 26.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Desjardins lowered their price target on Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada lowered their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating for the company in a report on Tuesday, March 11th. Finally, Raymond James cut their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Nexus Industrial REIT currently has a consensus rating of “Moderate Buy” and an average target price of C$8.63.

About Nexus Industrial REIT

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.