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

Nexus Industrial REIT (TSE:NXR.UN) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$8.81.

Several analysts have recently commented on the stock. National Bankshares raised shares of Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$7.50 to C$8.00 in a research report on Thursday, July 18th. BMO Capital Markets boosted their target price on Nexus Industrial REIT from C$8.00 to C$8.50 in a research report on Monday, August 19th. Royal Bank of Canada boosted their target price on Nexus Industrial REIT from C$8.00 to C$8.50 in a research report on Friday, August 16th. Scotiabank boosted their target price on Nexus Industrial REIT from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Raymond James boosted their target price on Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th.

Nexus Industrial REIT Stock Down 1.2 %

NXR.UN stock opened at C$8.81 on Tuesday. The firm has a market cap of C$623.22 million, a PE ratio of 3.70 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 firm’s 50 day moving average price is C$8.22 and its 200-day moving average price is C$7.54. Nexus Industrial REIT has a one year low of C$6.08 and a one year high of C$9.15.

Nexus Industrial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend is Friday, September 27th. Nexus Industrial REIT’s dividend payout ratio is currently 26.89%.

Insider Transactions at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin bought 53,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was purchased at an average price of C$8.45 per share, for a total transaction of C$448,024.90. Over the last 90 days, insiders have purchased 56,782 shares of company stock valued at $481,500. 32.92% of the stock is currently owned by company insiders.

Nexus Industrial REIT Company Profile

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.