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

Nexus Industrial REIT (TSE:NXR.UN) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$8.86.

A number of equities analysts have recently commented on NXR.UN shares. National Bankshares raised shares of Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$7.50 to C$8.00 in a report on Thursday, July 18th. Scotiabank lifted their price objective 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. BMO Capital Markets boosted their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday. Raymond James raised their target price on Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Finally, Desjardins upped their price target on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a “buy” rating in a research report on Friday, August 16th.

Insiders Place Their Bets

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin acquired 57,120 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were acquired at an average price of C$8.76 per share, for a total transaction of C$500,296.94. In related news, Director Edwin E. Mclaughlin acquired 57,120 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average cost of C$8.76 per share, for a total transaction of C$500,296.94. Also, Director Edwin E. Mclaughlin bought 53,000 shares of Nexus Industrial REIT stock in a transaction that occurred on Thursday, August 29th. The stock was bought at an average cost of C$8.45 per share, with a total value of C$448,024.90. Over the last ninety days, insiders have acquired 115,746 shares of company stock worth $997,785. Corporate insiders own 32.92% of the company’s stock.

Nexus Industrial REIT Price Performance

Shares of TSE:NXR.UN opened at C$8.49 on Friday. Nexus Industrial REIT has a twelve month low of C$6.33 and a twelve month high of C$9.15. The company has a market cap of C$600.58 million, a price-to-earnings ratio of 3.51 and a beta of 1.51. The business has a 50 day moving average price of C$8.63 and a 200 day moving average price of C$7.71. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a $0.0533 dividend. This represents a $0.64 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend is Thursday, October 31st. Nexus Industrial REIT’s dividend payout ratio (DPR) is 26.45%.

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.