Nexus Industrial REIT (TSE:NXR.UN) Issues Earnings Results

Nexus Industrial REIT (TSE:NXR.UN) released its quarterly earnings results on Monday. The company reported C$0.45 earnings per share for the quarter, FiscalAI reports. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%.The business had revenue of C$46.02 million for the quarter.

Nexus Industrial REIT Stock Down 3.3%

Shares of TSE:NXR.UN opened at C$7.79 on Wednesday. The stock’s 50-day moving average price is C$7.78 and its 200-day moving average price is C$7.83. Nexus Industrial REIT has a 12-month low of C$7.06 and a 12-month high of C$8.41. The stock has a market capitalization of C$756.30 million, a P/E ratio of 12.69 and a beta of 1.38. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, April 30th. Nexus Industrial REIT’s dividend payout ratio (DPR) is 104.27%.

Analyst Ratings Changes

Separately, Desjardins lowered their price target on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$8.13.

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.