Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin purchased 1,844 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of C$8.67 per share, for a total transaction of C$15,987.48.
Nexus Industrial REIT Trading Up 0.6 %
Shares of NXR.UN opened at C$8.81 on Thursday. Nexus Industrial REIT has a 12 month low of C$6.08 and a 12 month high of C$9.15. The stock's 50-day moving average is C$8.42 and its two-hundred day moving average is C$7.63. 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 stock has a market cap of C$623.22 million, a PE ratio of 3.64 and a beta of 1.51.
Nexus Industrial REIT Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be issued a dividend of $0.0533 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.64 annualized dividend and a dividend yield of 7.26%. Nexus Industrial REIT's payout ratio is currently 26.45%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Desjardins upped their target price on Nexus Industrial REIT from C$8.75 to C$9.25 and gave the company a "buy" rating in a report on Friday, August 16th. National Bankshares raised Nexus Industrial REIT from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$7.50 to C$8.00 in a research note on Thursday, July 18th. Raymond James lifted their price objective on Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. BMO Capital Markets upped their target price on Nexus Industrial REIT from C$8.00 to C$8.50 in a research note on Monday, August 19th. Finally, Royal Bank of Canada raised their price target on Nexus Industrial REIT from C$8.00 to C$8.50 in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$8.81.
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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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