Edwin E. Mclaughlin Acquires 2,463 Shares of Nexus Industrial REIT (TSE:NXR.UN) Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin bought 2,463 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of C$7.82 per share, for a total transaction of C$19,260.66.

Nexus Industrial REIT Stock Performance

Shares of NXR.UN opened at C$7.75 on Wednesday. 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 firm’s 50 day moving average is C$8.23 and its 200-day moving average is C$7.92. Nexus Industrial REIT has a 12-month low of C$6.47 and a 12-month high of C$9.15. The stock has a market capitalization of C$548.24 million, a P/E ratio of 3.20 and a beta of 1.51.

Nexus Industrial REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a $0.0533 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 8.25%. Nexus Industrial REIT’s dividend payout ratio (DPR) is 26.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NXR.UN shares. CIBC lifted their price objective on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. BMO Capital Markets boosted their price target on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. Finally, Raymond James increased their price objective on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$8.92.

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.