Nexus Industrial REIT (OTCMKTS:EFRTF) Trading 0.7% Higher – Should You Buy?

Shares of Nexus Industrial REIT (OTCMKTS:EFRTFGet Free Report) rose 0.7% on Wednesday . The company traded as high as $5.5050 and last traded at $5.5050. Approximately 9,541 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 23,489 shares. The stock had previously closed at $5.4690.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. National Bankshares reiterated a “sector perform” rating on shares of Nexus Industrial REIT in a report on Wednesday, August 13th. Scotiabank restated a “sector perform” rating on shares of Nexus Industrial REIT in a report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Nexus Industrial REIT presently has an average rating of “Hold”.

View Our Latest Stock Analysis on EFRTF

Nexus Industrial REIT Stock Performance

The stock has a 50 day moving average price of $5.62 and a 200 day moving average price of $5.56.

About Nexus Industrial REIT

(Get Free Report)

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area.

Further Reading

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