Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin bought 2,463 shares of the company's stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of C$7.82 per share, with a total value of C$19,260.66.
Nexus Industrial REIT Stock Down 0.6 %
Shares of TSE NXR.UN opened at C$7.83 on Tuesday. Nexus Industrial REIT has a 52-week low of C$6.47 and a 52-week high of C$9.15. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The stock has a market cap of C$553.89 million, a P/E ratio of 3.24 and a beta of 1.51. The firm has a 50 day moving average price of C$8.23 and a 200 day moving average price of C$7.92.
Nexus Industrial REIT Announces Dividend
The company also recently declared a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were issued a $0.0533 dividend. This represents a $0.64 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend was Friday, November 29th. Nexus Industrial REIT's dividend payout ratio (DPR) is 26.45%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Raymond James upped their target price on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. BMO Capital Markets increased their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. Finally, CIBC lifted their target price on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Nexus Industrial REIT currently has an average rating of "Moderate Buy" and a consensus target price of C$8.92.
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Nexus Industrial REIT Company Profile
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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.
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