Nexus Industrial REIT (TSE:NXR.UN) Director Acquires C$51,934.40 in Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 8,000 shares of the company’s stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of C$6.49 per share, for a total transaction of C$51,934.40.

Nexus Industrial REIT Stock Down 5.9 %

Shares of TSE NXR.UN opened at C$6.25 on Friday. Nexus Industrial REIT has a 52-week low of C$5.98 and a 52-week high of C$9.15. The firm has a fifty day moving average of C$7.06 and a 200-day moving average of C$7.71. The stock has a market capitalization of C$442.13 million, a PE ratio of 2.58 and a beta of 1.51. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be given a dividend of $0.0533 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 10.23%. Nexus Industrial REIT’s dividend payout ratio (DPR) is 26.45%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James lowered their price target on Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada lowered their price objective on Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating on the stock in a report on Tuesday, March 11th. Scotiabank lowered Nexus Industrial REIT from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$8.50 to C$7.00 in a report on Tuesday. Finally, Desjardins lowered their price objective on Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Nexus Industrial REIT presently has an average rating of “Moderate Buy” and an average price target of C$8.38.

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.