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

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$8.92.

Several analysts recently issued reports on NXR.UN shares. Raymond James increased their price target on Nexus Industrial REIT from C$9.25 to C$9.50 in a report on Friday, September 6th. BMO Capital Markets increased their target price on Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th. Finally, CIBC boosted their price target on Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th.

Insider Transactions at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin bought 50,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of C$7.88 per share, for a total transaction of C$393,845.00. Over the last quarter, insiders purchased 115,991 shares of company stock valued at $969,343. 32.92% of the stock is currently owned by corporate insiders.

Nexus Industrial REIT Price Performance

Nexus Industrial REIT stock opened at C$7.88 on Friday. The firm has a fifty day moving average of C$8.25 and a 200-day moving average of C$7.91. Nexus Industrial REIT has a 52-week low of C$6.47 and a 52-week high of C$9.15. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm has a market capitalization of C$557.43 million, a P/E ratio of 3.26 and a beta of 1.51.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a dividend yield of 8.12%. The ex-dividend date was Friday, November 29th. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 26.45%.

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.