Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) Director Edwin E. Mclaughlin acquired 57,120 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were bought at an average cost of C$8.76 per share, for a total transaction of C$500,296.94.
Nexus Industrial REIT Stock Performance
Shares of Nexus Industrial REIT stock opened at C$8.67 on Tuesday. 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 firm has a market cap of C$613.32 million, a price-to-earnings ratio of 3.64 and a beta of 1.51. Nexus Industrial REIT has a one year low of C$6.08 and a one year high of C$9.15. The stock’s 50-day moving average is C$8.31 and its 200-day moving average is C$7.58.
Nexus Industrial REIT Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0533 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.64 annualized dividend and a dividend yield of 7.38%. Nexus Industrial REIT’s dividend payout ratio is currently 26.89%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on NXR.UN
About Nexus Industrial REIT
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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