Nexus Industrial REIT (TSE:NXR.UN) Shares Down 0.5% – Here’s What Happened

Nexus Industrial REIT (TSE:NXR.UN)’s stock price fell 0.5% on Wednesday . The company traded as low as C$8.00 and last traded at C$8.03. 98,963 shares changed hands during trading, a decline of 45% from the average session volume of 180,818 shares. The stock had previously closed at C$8.07.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Desjardins lowered their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating for the company in a report on Tuesday, March 10th. National Bank Financial decreased their price objective on shares of Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$8.25.

Nexus Industrial REIT Stock Down 0.5%

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 stock has a market capitalization of C$779.62 million, a PE ratio of 13.53 and a beta of 1.29. The company has a 50 day moving average price of C$7.95 and a 200-day moving average price of C$7.86.

Nexus Industrial REIT (TSE:NXR.UN) last issued its quarterly earnings data on Monday, May 11th. The company reported C$0.45 EPS for the quarter. The business had revenue of C$46.02 million during the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. As a group, analysts forecast that Nexus Industrial REIT will post 0.7800905 earnings per share for the current fiscal year.

Nexus Industrial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.0533 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.0%. Nexus Industrial REIT’s dividend payout ratio (DPR) is 107.86%.

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.