Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) Director Edwin E. Mclaughlin acquired 100,000 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were purchased at an average price of C$6.80 per share, with a total value of C$679,850.00.
Nexus Industrial REIT Stock Performance
Shares of NXR.UN remained flat at C$6.80 during mid-day trading on Wednesday. 149,697 shares of the stock traded hands, compared to its average volume of 158,085. The company has a market capitalization of C$468.45 million, a P/E ratio of 2.98 and a beta of 1.46. Nexus Industrial REIT has a 1-year low of C$6.08 and a 1-year high of C$8.69. The company has a debt-to-equity ratio of 139.77, a quick ratio of 0.12 and a current ratio of 0.36. The company has a fifty day moving average of C$7.06 and a 200-day moving average of C$7.60.
Nexus Industrial REIT Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were issued a $0.0533 dividend. The ex-dividend date was Monday, April 29th. This represents a $0.64 annualized dividend and a yield of 9.41%. Nexus Industrial REIT’s dividend payout ratio (DPR) is 27.47%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on NXR.UN
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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