Nexus Industrial REIT (NXR.UN) To Go Ex-Dividend on January 31st

Nexus Industrial REIT (TSE:NXR.UN) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Friday, February 14th will be given a dividend of 0.0533 per share on Friday, February 14th. This represents a $0.64 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date is Friday, January 31st.

Nexus Industrial REIT Stock Performance

TSE NXR.UN traded down C$0.02 during trading hours on Wednesday, reaching C$7.57. 77,954 shares of the company were exchanged, compared to its average volume of 117,845. 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 stock has a market capitalization of C$535.50 million, a P/E ratio of 3.13 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. The business’s 50 day simple moving average is C$7.73 and its 200-day simple moving average is C$8.07.

Analyst Upgrades and Downgrades

NXR.UN has been the subject of a number of analyst reports. Raymond James cut their price target on Nexus Industrial REIT from C$9.75 to C$9.00 in a report on Monday, January 13th. CIBC raised their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets upped their price target on Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$8.72.

Insiders Place Their Bets

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 50,000 shares of the stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of C$7.88 per share, with a total value of C$393,845.00. Insiders purchased a total of 55,708 shares of company stock valued at $438,844 in the last quarter. Corporate insiders own 32.92% of the company’s stock.

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.