Nexus Industrial REIT (TSE:NXR.UN) Sets New 12-Month Low – Should You Sell?

Nexus Industrial REIT (TSE:NXR.UN)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$7.01 and last traded at C$7.13, with a volume of 168219 shares. The stock had previously closed at C$7.03.

Nexus Industrial REIT Trading Down 0.1%

The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The firm has a market cap of C$690.36 million, a PE ratio of 13.11 and a beta of 1.21. The business has a fifty day moving average price of C$7.58 and a 200 day moving average price of C$7.84.

Nexus Industrial REIT (TSE:NXR.UN) last posted its earnings results on Monday, August 10th. The company reported C($0.18) earnings per share for the quarter. The business had revenue of C$46.62 million for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. Analysts forecast that Nexus Industrial REIT will post 0.7800905 EPS for the current year.

Nexus Industrial REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were given a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Friday, July 31st. Nexus Industrial REIT’s dividend payout ratio (DPR) is 118.00%.

Nexus Industrial REIT Company Profile

Nexus 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 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 73,490,000 REIT Units and approximately 23,607,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.