Edwin E. Mclaughlin Buys 3,229 Shares of Nexus Industrial REIT (TSE:NXR.UN) Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 3,229 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of C$6.93 per share, with a total value of C$22,376.97.

Nexus Industrial REIT Trading Up 0.9 %

TSE:NXR.UN opened at C$7.02 on Friday. The firm has a 50-day simple moving average of C$7.26 and a 200-day simple moving average of C$7.88. Nexus Industrial REIT has a one year low of C$6.47 and a one year high of C$9.15. The firm has a market cap of C$496.59 million, a P/E ratio of 2.90 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44.

Nexus Industrial REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.0533 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 9.11%. Nexus Industrial REIT’s dividend payout ratio is currently 26.45%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NXR.UN. Desjardins lowered their target price on shares of Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Raymond James lowered their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reduced their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating on the stock in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$8.63.

Nexus Industrial REIT Company Profile

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.