Nexus Industrial REIT (TSE:NXR.UN) Given Average Rating of “Hold” by Analysts

Nexus Industrial REIT (TSE:NXR.UN) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$8.61.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a report on Monday, March 18th. BMO Capital Markets dropped their target price on Nexus Industrial REIT from C$8.50 to C$8.00 in a report on Monday, March 25th. TD Securities cut their target price on Nexus Industrial REIT from C$8.00 to C$7.50 in a research report on Wednesday, April 24th. National Bankshares lowered their price target on Nexus Industrial REIT from C$8.50 to C$7.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Finally, Raymond James cut their price objective on Nexus Industrial REIT from C$9.75 to C$9.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th.

Nexus Industrial REIT Stock Down 0.6 %

TSE NXR.UN opened at C$7.03 on Friday. Nexus Industrial REIT has a twelve month low of C$6.08 and a twelve month high of C$9.69. The stock has a market cap of C$483.95 million, a PE ratio of 3.02 and a beta of 1.45. The firm has a 50-day simple moving average of C$7.43 and a 200 day simple moving average of C$7.59. The company has a debt-to-equity ratio of 139.77, a quick ratio of 0.12 and a current ratio of 0.36.

Nexus Industrial REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be issued a $0.0533 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.64 annualized dividend and a dividend yield of 9.10%. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 27.47%.

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.