Nexus Industrial REIT (TSE:NXR.UN) Releases Quarterly Earnings Results

Nexus Industrial REIT (TSE:NXR.UN) released its quarterly earnings data on Monday. The company reported C($0.18) earnings per share for the quarter, FiscalAI reports. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The company had revenue of C$46.62 million during the quarter.

Nexus Industrial REIT Stock Down 2.3%

Shares of TSE:NXR.UN traded down C$0.18 during trading on Monday, reaching C$7.79. 193,588 shares of the stock were exchanged, compared to its average volume of 173,906. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. Nexus Industrial REIT has a 1-year low of C$7.31 and a 1-year high of C$8.46. The stock has a fifty day moving average of C$8.11 and a two-hundred day moving average of C$7.93. The firm has a market cap of C$756.32 million, a price-to-earnings ratio of 13.13 and a beta of 1.29.

Nexus Industrial REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.0533 per share. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 8.2%. Nexus Industrial REIT’s payout ratio is currently 107.86%.

Wall Street Analyst Weigh In

Separately, National Bank Financial reduced their price target on shares of Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Nexus Industrial REIT currently has a consensus rating of “Hold” and a consensus price target of C$8.25.

About Nexus Industrial REIT

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.