Nexus Industrial REIT (TSE:NXR.UN) PT Lowered to C$7.50

Nexus Industrial REIT (TSE:NXR.UN) had its price target dropped by TD Securities from C$8.00 to C$7.50 in a report issued on Wednesday, BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 6.84% from the stock’s previous close.

A number of other brokerages also recently weighed in on NXR.UN. BMO Capital Markets lowered their target price on Nexus Industrial REIT from C$8.50 to C$8.00 in a report on Monday, March 25th. CIBC reduced their price objective on Nexus Industrial REIT from C$10.50 to C$9.75 in a research note on Friday, March 15th. National Bankshares reduced their price objective on Nexus Industrial REIT from C$8.75 to C$8.50 in a research note on Friday, March 15th. Laurentian set a C$10.00 price objective on Nexus Industrial REIT and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reduced their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a research note on Monday, March 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$8.61.

Nexus Industrial REIT Trading Down 1.7 %

Shares of NXR.UN stock opened at C$7.02 on Wednesday. The company has a market cap of C$482.70 million, a P/E ratio of 3.01 and a beta of 1.45. The stock has a 50 day simple moving average of C$7.57 and a two-hundred day simple moving average of C$7.59. The company has a debt-to-equity ratio of 139.77, a quick ratio of 0.12 and a current ratio of 0.36. Nexus Industrial REIT has a fifty-two week low of C$6.08 and a fifty-two week high of C$9.97.

About Nexus Industrial REIT

Nexus 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 located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.