Nexus Industrial REIT (TSE:NXR.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$8.86.

A number of equities research analysts recently weighed in on NXR.UN shares. CIBC upped their target price on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Raymond James dropped their target price on Nexus Industrial REIT from C$9.75 to C$9.00 in a report on Monday. Finally, BMO Capital Markets upped their price target on Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th.

Nexus Industrial REIT Stock Performance

NXR.UN opened at C$7.52 on Thursday. Nexus Industrial REIT has a 1-year low of C$6.47 and a 1-year high of C$9.15. The company has a market cap of C$531.96 million, a price-to-earnings ratio of 3.11 and a beta of 1.51. The company’s fifty day moving average price is C$7.89 and its two-hundred day moving average price is C$8.02. 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 Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.0533 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a yield of 8.51%. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 26.45%.

Insiders Place Their Bets

In related news, Director Edwin E. Mclaughlin purchased 50,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of C$7.88 per share, for a total transaction of C$393,845.00. Over the last quarter, insiders have acquired 55,708 shares of company stock valued at $438,844. Insiders own 32.92% of the company’s stock.

Nexus Industrial REIT Company Profile

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.