Nexus Industrial REIT (NXR.UN) to Issue Monthly Dividend of $0.05 on March 14th

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0533 per share on Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date of this dividend is Friday, February 28th.

Nexus Industrial REIT Stock Up 1.2 %

Shares of Nexus Industrial REIT stock traded up C$0.09 during trading on Wednesday, hitting C$7.44. 95,113 shares of the stock traded hands, compared to its average volume of 174,469. The stock’s fifty day simple moving average is C$7.50 and its 200 day simple moving average is C$8.03. 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 firm has a market cap of C$526.31 million, a P/E ratio of 3.07 and a beta of 1.51. Nexus Industrial REIT has a 52-week low of C$6.47 and a 52-week high of C$9.15.

Analyst Ratings Changes

Several analysts recently commented on NXR.UN shares. CIBC raised their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Raymond James cut their price objective on Nexus Industrial REIT from C$9.75 to C$9.00 in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$8.72.

Insider Activity

In other news, Director Edwin E. Mclaughlin purchased 50,000 shares of the stock in a transaction on Monday, December 9th. The stock was purchased at an average price of C$7.88 per share, with a total value of C$393,845.00. Company insiders own 32.92% of the company’s stock.

About Nexus Industrial REIT

Nexus Industrial REIT 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.