Nexus Industrial REIT (TSE:NXR.UN) Declares $0.05 Monthly Dividend

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.0533 per share on Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 8.01%. The ex-dividend date of this dividend is Friday, November 29th.

Nexus Industrial REIT Trading Up 0.4 %

NXR.UN stock traded up C$0.03 on Wednesday, hitting C$7.99. 18,439 shares of the company were exchanged, compared to its average volume of 148,675. The stock has a market capitalization of C$565.21 million, a price-to-earnings ratio of 3.30 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The business’s fifty day moving average is C$8.51 and its two-hundred day moving average is C$7.85. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15.

Insider Buying and Selling

In other news, Director Edwin E. Mclaughlin purchased 57,120 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was bought at an average cost of C$8.76 per share, for a total transaction of C$500,296.94. Over the last three months, insiders purchased 118,991 shares of company stock worth $1,023,523. 32.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. 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 note on Friday, August 16th. CIBC boosted their target price on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Desjardins increased their price target on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets upped their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th. Finally, Raymond James lifted their target price on Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.92.

Nexus Industrial REIT Company Profile

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.