Nexus Industrial REIT (TSE:NXR.UN) Receives Average Recommendation of “Hold” from Analysts

Nexus Industrial REIT (TSE:NXR.UN) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$8.29.

A number of research analysts have commented on the company. Desjardins upped their price target on Nexus Industrial REIT from C$8.75 to C$9.00 and gave the company a “buy” rating in a research report on Monday, October 6th. National Bankshares reduced their target price on Nexus Industrial REIT from C$8.50 to C$8.25 and set a “sector perform” rating on the stock in a research note on Wednesday, August 13th. CIBC raised their price target on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Finally, TD Securities lifted their price target on shares of Nexus Industrial REIT from C$7.00 to C$8.00 and gave the company a “hold” rating in a report on Wednesday, August 13th.

Nexus Industrial REIT Stock Performance

Nexus Industrial REIT stock opened at C$7.79 on Friday. 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$755.77 million, a P/E ratio of 25.56 and a beta of 1.73. Nexus Industrial REIT has a 1-year low of C$5.98 and a 1-year high of C$8.42. The firm has a 50-day moving average of C$7.84 and a 200-day moving average of C$7.61.

Nexus Industrial REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.0533 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. Nexus Industrial REIT’s payout ratio is presently 209.97%.

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.