Nexus Industrial REIT (TSE:NXR.UN) Shares Down 1.7% – Here’s Why

Shares of Nexus Industrial REIT (TSE:NXR.UN) dropped 1.7% on Monday . The stock traded as low as C$7.56 and last traded at C$7.56. Approximately 157,689 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 152,067 shares. The stock had previously closed at C$7.69.

Analyst Upgrades and Downgrades

NXR.UN has been the topic of a number of recent research reports. CIBC increased their price target on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. National Bankshares dropped their target price on shares of Nexus Industrial REIT from C$8.50 to C$8.25 and set a “sector perform” rating on the stock in a report on Wednesday, August 13th. Desjardins raised their target price on shares of Nexus Industrial REIT from C$8.75 to C$9.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, TD Securities upped their price target on shares of Nexus Industrial REIT from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Nexus Industrial REIT presently has an average rating of “Hold” and a consensus target price of C$8.29.

Nexus Industrial REIT Price Performance

The firm has a market capitalization of C$733.49 million, a P/E ratio of 9.15 and a beta of 1.73. The stock’s fifty day simple moving average is C$7.81 and its 200 day simple moving average is C$7.70. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12.

Nexus Industrial REIT (TSE:NXR.UN) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The firm had revenue of C$43.30 million for the quarter. On average, equities research analysts predict that Nexus Industrial REIT will post 0.7800905 EPS for the current year.

Nexus Industrial REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 14th were issued a dividend of $0.0533 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Friday, October 31st. Nexus Industrial REIT’s dividend payout ratio is currently 77.46%.

Nexus Industrial REIT Company Profile

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.