Edwin E. Mclaughlin Buys 1,782 Shares of Nexus Industrial REIT (TSE:NXR.UN) Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin purchased 1,782 shares of Nexus Industrial REIT stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of C$8.92 per share, for a total transaction of C$15,895.44.

Nexus Industrial REIT Price Performance

NXR.UN opened at C$9.08 on Friday. Nexus Industrial REIT has a twelve month low of C$6.08 and a twelve month high of C$9.15. The firm has a market cap of C$642.32 million, a price-to-earnings ratio of 3.82 and a beta of 1.51. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The company has a fifty day simple moving average of C$8.08 and a 200 day simple moving average of C$7.50.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were paid a dividend of $0.0533 per share. The ex-dividend date was Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 7.04%. Nexus Industrial REIT’s dividend payout ratio is presently 26.89%.

Analyst Ratings Changes

Several equities analysts recently commented on NXR.UN shares. Desjardins upped their target price on Nexus Industrial REIT from C$8.75 to C$9.25 and gave the company a “buy” rating in a research note on Friday, August 16th. National Bankshares raised shares of Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$7.50 to C$8.00 in a research note on Thursday, July 18th. BMO Capital Markets raised their target price on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a research report on Monday, August 19th. Royal Bank of Canada upped their price objective on Nexus Industrial REIT from C$8.00 to C$8.50 in a 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 report on Friday, September 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Nexus Industrial REIT has an average rating of “Moderate Buy” and an average price target of C$8.81.

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.