Nexus Industrial REIT (TSE:NXR.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN) have received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$8.92.

Several research firms recently weighed in on NXR.UN. Raymond James raised their target price on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. CIBC lifted their price objective on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets upped their target price on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th.

Nexus Industrial REIT Price Performance

TSE:NXR.UN opened at C$7.61 on Friday. Nexus Industrial REIT has a 52-week low of C$6.47 and a 52-week high of C$9.15. The company has a market cap of C$538.33 million, a P/E ratio of 3.14 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The stock’s 50-day simple moving average is C$8.16 and its 200 day simple moving average is C$7.93.

Nexus Industrial REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were issued a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date of this dividend was Friday, November 29th. Nexus Industrial REIT’s dividend payout ratio is currently 26.45%.

Insider Activity

In other news, Director Edwin E. Mclaughlin purchased 50,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of C$7.88 per share, with a total value of C$393,845.00. Over the last ninety days, insiders acquired 116,672 shares of company stock worth $972,709. Corporate insiders own 32.92% of the company’s stock.

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.