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

Nexus Industrial REIT (TSE:NXR.UN) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$8.29.

Separately, Desjardins increased their price target on shares of Nexus Industrial REIT from C$8.75 to C$9.00 and gave the stock a “buy” rating in a research report on Monday, October 6th.

Nexus Industrial REIT Stock Down 0.6%

Shares of TSE NXR.UN opened at C$7.88 on Friday. The stock has a market capitalization of C$764.53 million, a PE ratio of 9.54 and a beta of 1.56. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm has a fifty day moving average of C$7.77 and a 200-day moving average of C$7.76. Nexus Industrial REIT has a 52-week low of C$5.98 and a 52-week high of C$8.28.

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

Nexus Industrial REIT Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 14th were issued a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Friday, October 31st. Nexus Industrial REIT’s dividend payout ratio (DPR) 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.