Nexus Industrial REIT (TSE:NXR.UN) Trading Down 1.8% – Time to Sell?

Nexus Industrial REIT (TSE:NXR.UN) shares fell 1.8% during mid-day trading on Tuesday . The company traded as low as C$7.50 and last traded at C$7.53. 266,091 shares changed hands during trading, an increase of 48% from the average session volume of 179,961 shares. The stock had previously closed at C$7.67.

Wall Street Analyst Weigh In

Separately, National Bank Financial cut their price target on shares of Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Nexus Industrial REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.50.

Nexus Industrial REIT Stock Down 1.1%

The firm has a 50-day simple moving average of C$8.06 and a 200 day simple moving average of C$7.92. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The company has a market capitalization of C$548.97 million, a PE ratio of 12.32 and a beta of 1.29.

Nexus Industrial REIT (TSE:NXR.UN) last issued its quarterly earnings data on Monday, August 10th. The company reported C($0.18) 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. On average, research analysts predict that Nexus Industrial REIT will post 0.7800905 EPS for the current fiscal year.

Nexus Industrial REIT Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were given a dividend of $0.0533 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 8.6%. Nexus Industrial REIT’s payout ratio is 105.53%.

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.