Nexus Industrial REIT (TSE:NXR.UN) Given Consensus Rating of “Hold” by Brokerages

Nexus Industrial REIT (TSE:NXR.UN) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$8.38.

NXR.UN has been the topic of a number of research analyst reports. National Bankshares cut their target price on Nexus Industrial REIT from C$8.50 to C$8.25 and set a “sector perform” rating on the stock in a research report on Wednesday, August 13th. CIBC lifted their price target on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Desjardins increased their price objective on Nexus Industrial REIT from C$8.75 to C$9.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, TD Securities raised their target price on shares of Nexus Industrial REIT from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th.

Nexus Industrial REIT Stock Up 0.5%

Shares of TSE NXR.UN opened at C$7.97 on Tuesday. The business has a 50-day moving average of C$7.84 and a two-hundred day moving average of C$7.48. The company has a market capitalization of C$773.23 million, a price-to-earnings ratio of 26.15 and a beta of 1.73. Nexus Industrial REIT has a 1 year low of C$5.98 and a 1 year high of C$8.70. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12.

Nexus Industrial REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.0533 per share. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Friday, October 31st. Nexus Industrial REIT’s dividend payout ratio is 209.97%.

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.