Nexus Industrial REIT (TSE:NXR.UN) Reaches New 52-Week Low – What’s Next?

Nexus Industrial REIT (TSE:NXR.UN) shares hit a new 52-week low during trading on Thursday. The stock traded as low as C$7.15 and last traded at C$7.16, with a volume of 38285 shares changing hands. The stock had previously closed at C$7.25.

Nexus Industrial REIT Stock Performance

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 company has a market capitalization of C$697.16 million, a PE ratio of 13.24 and a beta of 1.25. The business has a 50 day simple moving average of C$7.72 and a 200 day simple moving average of C$7.86.

Nexus Industrial REIT (TSE:NXR.UN) last announced its quarterly earnings data on Monday, August 10th. The company reported C($0.18) earnings per share for the quarter. The company had revenue of C$46.62 million for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. Equities research analysts predict that Nexus Industrial REIT will post 0.7800905 EPS for the current fiscal year.

Nexus Industrial REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were issued a $0.0533 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.64 dividend on an annualized basis and a yield of 8.9%. Nexus Industrial REIT’s payout ratio is presently 118.00%.

About Nexus Industrial REIT

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 73,490,000 REIT Units and approximately 23,607,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.