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

Nexus Industrial REIT (TSE:NXR.UN) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$8.63.

Several research firms have recently commented on NXR.UN. Royal Bank of Canada lowered their price objective 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 research note on Tuesday, March 11th. 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 research 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.

Nexus Industrial REIT Trading Up 0.3 %

Nexus Industrial REIT stock opened at C$6.98 on Tuesday. The stock has a 50-day moving average of C$7.29 and a two-hundred day moving average of C$7.91. The stock has a market cap of C$493.77 million, a PE ratio of 2.88 and a beta of 1.51. 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 one year low of C$6.47 and a one year high of C$9.15.

Nexus Industrial REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a $0.0533 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 9.16%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 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.