Nexus Industrial REIT (TSE:NXR.UN) Price Target Lowered to C$7.50 at National Bankshares

Nexus Industrial REIT (TSE:NXR.UN) had its target price dropped by analysts at National Bankshares from C$8.50 to C$7.50 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 6.84% from the company’s previous close.

Several other research firms also recently commented on NXR.UN. Laurentian set a C$10.00 price target on shares of Nexus Industrial REIT and gave the stock a “buy” rating in a research note on Monday, January 22nd. CIBC lowered their target price on shares of Nexus Industrial REIT from C$10.50 to C$9.75 in a research note on Friday, March 15th. TD Securities lowered their target price on shares of Nexus Industrial REIT from C$8.00 to C$7.50 in a research note on Wednesday. Raymond James boosted their target price on shares of Nexus Industrial REIT from C$9.25 to C$9.75 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Finally, Royal Bank of Canada lowered their target price 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 research note on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$8.61.

Nexus Industrial REIT Stock Performance

TSE:NXR.UN opened at C$7.02 on Wednesday. The company has a fifty day simple moving average of C$7.57 and a two-hundred day simple moving average of C$7.59. The company has a market cap of C$482.70 million, a price-to-earnings ratio of 3.01 and a beta of 1.45. The company has a quick ratio of 0.12, a current ratio of 0.36 and a debt-to-equity ratio of 139.77. Nexus Industrial REIT has a 52 week low of C$6.08 and a 52 week high of C$9.97.

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.