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

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$8.72.

Several equities analysts have issued reports on the stock. Raymond James decreased 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. CIBC increased their price objective on shares of 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 related news, Director Edwin E. Mclaughlin purchased 50,000 shares of Nexus Industrial REIT stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of C$7.88 per share, for a total transaction of C$393,845.00. 32.92% of the stock is currently owned by corporate insiders.

Nexus Industrial REIT Trading Down 1.6 %

Shares of TSE NXR.UN opened at C$7.23 on Friday. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. Nexus Industrial REIT has a 52-week low of C$6.47 and a 52-week high of C$9.15. The firm has a 50 day moving average price of C$7.49 and a two-hundred day moving average price of C$8.03. The stock has a market cap of C$511.45 million, a P/E ratio of 2.99 and a beta of 1.51.

Nexus Industrial REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be given a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend is Friday, February 28th. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 26.45%.

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.