Analysts Set Nexus Industrial REIT (TSE:NXR.UN) Target Price at C$8.63

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$8.63.

NXR.UN has been the topic of several research reports. Desjardins lowered their target price on Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Raymond James dropped their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Royal Bank of Canada reduced their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating for the company in a research note on Tuesday, March 11th.

Nexus Industrial REIT Trading Down 0.4 %

TSE:NXR.UN opened at C$6.87 on Tuesday. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15. 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’s 50 day moving average is C$7.24 and its 200 day moving average is C$7.86. The stock has a market capitalization of C$485.98 million, a PE ratio of 2.84 and a beta of 1.51.

Nexus Industrial REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.0533 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.31%. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 26.45%.

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.