Insider Buying: Nexus Industrial REIT (TSE:NXR.UN) Director Acquires 1,844 Shares of Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin bought 1,844 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of C$8.67 per share, for a total transaction of C$15,987.48.

Nexus Industrial REIT Trading Up 0.6 %

Shares of NXR.UN stock traded up C$0.05 on Wednesday, hitting C$8.81. 93,725 shares of the stock traded hands, compared to its average volume of 151,590. 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 stock has a market capitalization of C$623.22 million, a PE ratio of 3.65 and a beta of 1.51. The firm’s 50-day moving average price is C$8.39 and its two-hundred day moving average price is C$7.62. Nexus Industrial REIT has a twelve month low of C$6.08 and a twelve month high of C$9.15.

Nexus Industrial REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be issued a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Thursday, October 31st. Nexus Industrial REIT’s dividend payout ratio is presently 26.45%.

Analysts Set New Price Targets

Several research analysts recently issued reports on NXR.UN shares. Raymond James raised their target price on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a report on Friday, September 6th. National Bankshares raised Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$7.50 to C$8.00 in a report on Thursday, July 18th. Royal Bank of Canada increased their price target on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Friday, August 16th. Scotiabank increased 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, Desjardins increased their target price on Nexus Industrial REIT from C$8.75 to C$9.25 and gave the company a “buy” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Nexus Industrial REIT has a consensus 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.