Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin bought 3,229 shares of Nexus Industrial REIT stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of C$6.93 per share, with a total value of C$22,376.97.
Nexus Industrial REIT Price Performance
Shares of TSE:NXR.UN opened at C$6.96 on Thursday. The firm has a market capitalization of C$492.35 million, a price-to-earnings ratio of 2.88 and a beta of 1.51. 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 business's 50 day simple moving average is C$7.27 and its 200-day simple moving average is C$7.89. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15.
Nexus Industrial REIT Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a $0.0533 dividend. This represents a $0.64 annualized dividend and a yield of 9.19%. The ex-dividend date was Friday, February 28th. Nexus Industrial REIT's dividend payout ratio (DPR) is 26.45%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on NXR.UN shares. Raymond James reduced their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada reduced their price target on Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating for the company in a report on Tuesday, March 11th. Finally, Desjardins decreased their price target on Nexus Industrial REIT from C$9.50 to C$8.75 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$8.63.
View Our Latest Stock Report on NXR.UN
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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