Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin Acquires 57,120 Shares

Nexus Industrial REIT (TSE:NXR.UN) 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

A number of equities research analysts recently issued reports on NXR.UN shares. Scotiabank lifted their price target on shares of Nexus Industrial REIT from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Raymond James boosted their target price on Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. Royal Bank of Canada increased their price objective on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Friday, August 16th. National Bankshares upgraded Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$7.50 to C$8.00 in a report on Thursday, July 18th. Finally, Desjardins upped their target price on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the company a “buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Nexus Industrial REIT presently has an average rating of “Moderate Buy” and a consensus price target of C$8.81.

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.