Nexus Industrial REIT (TSE:NXR.UN) Director Purchases C$24,416.88 in Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 3,696 shares of Nexus Industrial REIT stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of C$6.61 per share, with a total value of C$24,416.88.

Nexus Industrial REIT Stock Performance

TSE NXR.UN traded up C$0.08 during trading hours on Wednesday, reaching C$6.71. 96,604 shares of the company were exchanged, compared to its average volume of 202,246. The stock has a market capitalization of C$474.67 million, a P/E ratio of 2.77 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 has a 1 year low of C$5.98 and a 1 year high of C$9.15. The business’s 50 day simple moving average is C$7.01 and its 200-day simple moving average is C$7.65.

Nexus Industrial REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be paid a $0.0533 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.64 annualized dividend and a yield of 9.53%. Nexus Industrial REIT’s payout ratio is 26.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NXR.UN. Desjardins decreased their price target on shares of Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Raymond James decreased their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada decreased their price target on Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating for the company in a report on Tuesday, March 11th. Scotiabank cut Nexus Industrial REIT from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$8.50 to C$7.00 in a research note on Tuesday, April 8th. Finally, National Bankshares lowered shares of Nexus Industrial REIT from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$8.75 to C$6.75 in a research note on Monday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Nexus Industrial REIT presently has a consensus rating of “Moderate Buy” and an average price target of C$8.22.

About Nexus Industrial REIT

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.