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

Shares of Nexus Industrial REIT (TSE:NXR.UN) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$8.72.

NXR.UN has been the subject of a number of research analyst reports. CIBC increased their price target on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. BMO Capital Markets increased their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. Finally, Raymond James lowered their target price on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th.

Nexus Industrial REIT Price Performance

Shares of NXR.UN stock opened at C$7.30 on Monday. The stock’s 50-day moving average is C$7.63 and its 200 day moving average is C$8.06. 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 debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The company has a market cap of C$516.40 million, a P/E ratio of 3.02 and a beta of 1.51.

Nexus Industrial REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0533 per share. The ex-dividend date is Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 8.76%. Nexus Industrial REIT’s dividend payout ratio is presently 26.45%.

Insiders Place Their Bets

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of C$7.88 per share, for a total transaction of C$393,845.00. Insiders have bought 55,708 shares of company stock valued at $438,844 over the last ninety days. Company 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.