Nexus Industrial REIT (TSE:NXR.UN) Price Target Lowered to C$9.00 at Raymond James

Nexus Industrial REIT (TSE:NXR.UN) had its price objective reduced by investment analysts at Raymond James from C$9.75 to C$9.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 20.00% from the stock’s previous close.

A number of other research analysts have also weighed in on NXR.UN. BMO Capital Markets lifted their target price on Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nexus Industrial REIT currently has an average rating of “Moderate Buy” and a consensus target price of C$8.86.

Nexus Industrial REIT Price Performance

Shares of TSE NXR.UN opened at C$7.50 on Monday. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. Nexus Industrial REIT has a fifty-two week low of C$6.47 and a fifty-two week high of C$9.15. The stock has a market cap of C$530.55 million, a PE ratio of 3.10 and a beta of 1.51. The stock has a fifty day moving average of C$7.87 and a 200-day moving average of C$8.02.

Insider Activity

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 50,000 shares of Nexus Industrial REIT stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of C$7.88 per share, for a total transaction of C$393,845.00. In the last quarter, insiders have purchased 55,708 shares of company stock worth $438,844. 32.92% of the stock is currently owned by corporate insiders.

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.