Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin bought 50,000 shares of the business's stock in a transaction on Monday, December 9th. The stock was bought at an average cost of C$7.88 per share, for a total transaction of C$393,845.00.
Nexus Industrial REIT Stock Up 2.4 %
NXR.UN stock opened at C$7.96 on Thursday. 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 capitalization of C$563.09 million, a P/E ratio of 3.29 and a beta of 1.51. Nexus Industrial REIT has a fifty-two week low of C$6.47 and a fifty-two week high of C$9.15. The business has a 50-day moving average of C$8.29 and a 200-day moving average of C$7.90.
Nexus Industrial REIT Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.0533 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 8.04%. Nexus Industrial REIT's dividend payout ratio is currently 26.45%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on NXR.UN. Scotiabank lifted 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 note on Friday, August 16th. Raymond James boosted their price target on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a report on Friday, September 6th. Royal Bank of Canada raised their price objective on Nexus Industrial REIT from C$8.00 to C$8.50 in a research note on Friday, August 16th. CIBC boosted their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Finally, Desjardins increased their price target on Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a "buy" rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$8.92.
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Nexus Industrial REIT Company Profile
(
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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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