Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin bought 8,000 shares of the company's stock in a transaction on Wednesday, April 9th. The stock was bought at an average price of C$6.49 per share, for a total transaction of C$51,934.40.
Nexus Industrial REIT Price Performance
NXR.UN stock opened at C$6.64 on Thursday. The firm's 50-day moving average price is C$7.08 and its two-hundred day moving average price is C$7.72. The stock has a market capitalization of C$469.71 million, a price-to-earnings ratio of 2.74 and a beta of 1.51. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. Nexus Industrial REIT has a 12-month low of C$5.98 and a 12-month high of C$9.15.
Nexus Industrial REIT Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date is Wednesday, April 30th. Nexus Industrial REIT's payout ratio is 26.45%.
Analyst Ratings Changes
NXR.UN has been the topic of a number of research analyst reports. Desjardins dropped their target price on shares of 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. Scotiabank downgraded shares of Nexus Industrial REIT from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$8.50 to C$7.00 in a report on Tuesday. Royal Bank of Canada lowered their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating on the stock in a research report on Tuesday, March 11th. Finally, Raymond James decreased their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$8.38.
Check Out Our Latest Stock Analysis on NXR.UN
About Nexus Industrial REIT
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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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