Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin Buys 8,000 Shares

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average cost of C$6.49 per share, for a total transaction of C$51,934.40.

Nexus Industrial REIT Trading Up 1.6 %

TSE NXR.UN opened at C$6.35 on Friday. The company has a market cap of C$449.20 million, a price-to-earnings ratio of 2.62 and a beta of 1.51. Nexus Industrial REIT has a twelve month low of C$5.98 and a twelve month high of C$9.15. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The business’s fifty day moving average is C$7.04 and its 200 day moving average is C$7.69.

Nexus Industrial REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.07%. The ex-dividend date of this dividend is Wednesday, April 30th. Nexus Industrial REIT’s payout ratio is 26.45%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James reduced their target price on Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Desjardins dropped their price objective on Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Scotiabank cut Nexus Industrial REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$8.50 to C$7.00 in a research report on Tuesday. Finally, Royal Bank of Canada dropped their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating for the company in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Nexus Industrial REIT currently has an average rating of “Moderate Buy” and an average target price of C$8.38.

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.