Nexus Industrial REIT (TSE:NXR.UN) Plans $0.05 Monthly Dividend

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.0533 per share on Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend is Friday, February 28th.

Nexus Industrial REIT Trading Up 1.5 %

Shares of TSE:NXR.UN traded up C$0.11 during trading on Wednesday, reaching C$7.46. The company’s stock had a trading volume of 52,410 shares, compared to its average volume of 173,549. The stock has a market capitalization of C$527.72 million, a PE ratio of 3.08 and a beta of 1.51. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The firm’s 50 day simple moving average is C$7.50 and its two-hundred day simple moving average is C$8.03.

Insider Transactions at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin purchased 50,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of C$7.88 per share, for a total transaction of C$393,845.00. Corporate insiders own 32.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. CIBC raised their price objective on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Raymond James cut their price objective on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$8.72.

About Nexus Industrial REIT

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.