Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) Director Edwin E. Mclaughlin purchased 53,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were bought at an average cost of C$8.45 per share, for a total transaction of C$448,024.90.
Nexus Industrial REIT Stock Performance
Nexus Industrial REIT stock opened at C$8.47 on Thursday. The firm has a market capitalization of C$599.17 million, a PE ratio of 3.56 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$8.61. The stock’s 50 day moving average price is C$7.63 and its 200 day moving average price is C$7.42. The company has a debt-to-equity ratio of 129.94, a quick ratio of 0.12 and a current ratio of 0.44.
Nexus Industrial REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be given a dividend of $0.0533 per share. The ex-dividend date is Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.55%. Nexus Industrial REIT’s payout ratio is currently 26.89%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Nexus Industrial REIT
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.
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