Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin bought 1,782 shares of the business's stock in a transaction dated Monday, September 16th. The shares were bought at an average price of C$8.92 per share, with a total value of C$15,895.44.
Nexus Industrial REIT Trading Up 0.3 %
TSE NXR.UN opened at C$8.95 on Friday. The stock's 50 day moving average is C$8.04 and its 200 day moving average is C$7.49. The firm has a market capitalization of C$633.12 million, a PE ratio of 3.76 and a beta of 1.51. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. Nexus Industrial REIT has a twelve month low of C$6.08 and a twelve month high of C$9.15.
Nexus Industrial REIT Announces Dividend
The company also recently declared a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were issued a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date was Friday, August 30th. Nexus Industrial REIT's payout ratio is 26.89%.
Wall Street Analysts Forecast Growth
NXR.UN has been the subject of a number of research analyst reports. Scotiabank upped their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. Desjardins lifted their target price on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a "buy" rating in a research note on Friday, August 16th. Raymond James increased their price objective on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. National Bankshares raised Nexus Industrial REIT from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$7.50 to C$8.00 in a research note on Thursday, July 18th. Finally, BMO Capital Markets boosted their target price on Nexus Industrial REIT from C$8.00 to C$8.50 in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Nexus Industrial REIT currently has a consensus rating of "Moderate Buy" and a consensus target price of C$8.81.
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View Our Latest Stock Analysis on NXR.UN
Nexus Industrial REIT Company Profile
(
Get Free Report)
Nexus 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 located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.
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