Nexus Industrial REIT (TSE:NXR.UN) Trading Down 0.5% – Here’s What Happened

Nexus Industrial REIT (TSE:NXR.UN)’s stock price was down 0.5% during mid-day trading on Wednesday . The stock traded as low as C$8.00 and last traded at C$8.03. 98,963 shares were traded during mid-day trading, a decline of 45% from the average session volume of 180,818 shares. The stock had previously closed at C$8.07.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NXR.UN shares. Desjardins decreased their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating for the company in a research note on Tuesday, March 10th. National Bank Financial cut their target price on Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Nexus Industrial REIT currently has a consensus rating of “Hold” and a consensus price target of C$8.25.

Nexus Industrial REIT Price Performance

The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The firm has a market cap of C$784.48 million, a P/E ratio of 13.62 and a beta of 1.29. The company has a fifty day moving average price of C$7.96 and a two-hundred day moving average price of C$7.86.

Nexus Industrial REIT (TSE:NXR.UN) last posted its earnings results on Monday, May 11th. The company reported C$0.45 earnings per share (EPS) for the quarter. The business had revenue of C$46.02 million during the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. Equities analysts anticipate that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

Nexus Industrial REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a $0.0533 dividend. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Tuesday, June 30th. Nexus Industrial REIT’s dividend payout ratio is 107.86%.

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.