Nexus Industrial REIT (TSE:NXR.UN) PT Lowered to C$9.00

Nexus Industrial REIT (TSE:NXR.UN) had its price target decreased by investment analysts at Raymond James from C$9.75 to C$9.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 28.21% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Royal Bank of Canada decreased their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a report on Monday, March 18th. Laurentian set a C$10.00 price target on shares of Nexus Industrial REIT and gave the company a “buy” rating in a report on Monday, January 22nd. CIBC decreased their price target on shares of Nexus Industrial REIT from C$10.50 to C$9.75 in a report on Friday, March 15th. TD Securities decreased their price target on shares of Nexus Industrial REIT from C$8.00 to C$7.50 in a report on Wednesday. Finally, National Bankshares decreased their price target on shares of Nexus Industrial REIT from C$8.50 to C$7.50 and set a “sector perform” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$8.61.

Nexus Industrial REIT Price Performance

Shares of NXR.UN stock opened at C$7.02 on Wednesday. The firm has a market cap of C$482.70 million, a P/E ratio of 3.01 and a beta of 1.45. The company has a debt-to-equity ratio of 139.77, a current ratio of 0.36 and a quick ratio of 0.12. Nexus Industrial REIT has a 1-year low of C$6.08 and a 1-year high of C$9.97. The firm has a fifty day moving average of C$7.57 and a two-hundred day moving average of C$7.59.

Nexus Industrial REIT Company Profile

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.