Nexus Industrial REIT (TSE:NXR.UN) Reaches New 1-Year Low – Here’s Why

Nexus Industrial REIT (TSE:NXR.UN)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as C$7.18 and last traded at C$7.18, with a volume of 220236 shares. The stock had previously closed at C$7.33.

Nexus Industrial REIT Stock Performance

The firm has a market cap of C$703.95 million, a PE ratio of 13.37 and a beta of 1.25. The company has a 50-day simple moving average of C$7.78 and a two-hundred day simple moving average of C$7.86. 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 (TSE:NXR.UN) last posted its quarterly earnings data on Monday, August 10th. The company reported C($0.18) earnings per share (EPS) for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%.The company had revenue of C$46.62 million for the quarter. As a group, equities research analysts forecast that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were paid a $0.0533 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.64 annualized dividend and a dividend yield of 8.8%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 118.00%.

Nexus Industrial REIT Company Profile

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 73,490,000 REIT Units and approximately 23,607,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.