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

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0533 per share on Friday, February 14th. This represents a $0.64 annualized dividend and a dividend yield of 8.43%. The ex-dividend date is Friday, January 31st.

Nexus Industrial REIT Stock Performance

TSE NXR.UN opened at C$7.59 on Wednesday. The company has a market cap of C$536.92 million, a P/E ratio of 3.14 and a beta of 1.51. 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 business’s 50 day moving average price is C$7.73 and its 200-day moving average price is C$8.07. Nexus Industrial REIT has a fifty-two week low of C$6.47 and a fifty-two week high of C$9.15.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NXR.UN shares. BMO Capital Markets boosted their target price on Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. CIBC upped their price objective on Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Finally, Raymond James cut their price objective on Nexus Industrial REIT from C$9.75 to C$9.00 in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$8.72.

Insider Activity

In related news, Director Edwin E. Mclaughlin bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average cost of C$7.88 per share, with a total value of C$393,845.00. Over the last three months, insiders have bought 55,708 shares of company stock valued at $438,844. 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.