Nexus Industrial REIT (TSE:NXR.UN) PT Raised to C$8.50 at BMO Capital Markets

Nexus Industrial REIT (TSE:NXR.UN) had its price target upped by stock analysts at BMO Capital Markets from C$8.00 to C$8.50 in a note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 5.85% from the company’s current price.

NXR.UN has been the subject of a number of other research reports. Desjardins raised their price target on Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. Scotiabank lifted their target price on shares of Nexus Industrial REIT from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. TD Securities reduced their price target on shares of Nexus Industrial REIT from C$8.00 to C$7.50 in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Friday, August 16th. Finally, National Bankshares raised Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$7.50 to C$8.00 in a research report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Nexus Industrial REIT has a consensus rating of “Moderate Buy” and a consensus price target of C$8.78.

Nexus Industrial REIT Trading Up 1.4 %

TSE NXR.UN opened at C$8.03 on Monday. The stock has a market cap of C$568.04 million, a P/E ratio of 2.76 and a beta of 1.51. Nexus Industrial REIT has a fifty-two week low of C$6.08 and a fifty-two week high of C$8.60. The stock has a 50 day simple moving average of C$7.27 and a two-hundred day simple moving average of C$7.39. The company has a debt-to-equity ratio of 133.88, a quick ratio of 0.12 and a current ratio of 0.45.

Insider Buying and Selling

In related news, Director Edwin E. Mclaughlin bought 100,000 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average cost of C$6.80 per share, with a total value of C$679,850.00. In other news, Director Edwin E. Mclaughlin bought 100,000 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of C$6.80 per share, for a total transaction of C$679,850.00. Also, Director Edwin E. Mclaughlin purchased 9,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of C$7.07 per share, for a total transaction of C$63,586.80. Insiders have purchased 109,660 shares of company stock worth $748,011 in the last 90 days. Insiders own 32.95% of the company’s stock.

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.