Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of C$7.34 and traded as high as C$7.35. Nexus Industrial REIT shares last traded at C$7.35, with a volume of 305,819 shares trading hands.
Nexus Industrial REIT Price Performance
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 business has a 50-day moving average price of C$7.34 and a 200 day moving average price of C$7.79. The stock has a market cap of C$713.68 million, a PE ratio of 13.55 and a beta of 1.21.
Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported C($0.18) earnings per share for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. The firm had revenue of C$46.62 million during the quarter. As a group, research analysts forecast that Nexus Industrial REIT will post 0.78 earnings per share for the current fiscal year.
Nexus Industrial REIT Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 13th will be given a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Friday, October 30th. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 118.00%.
Nexus Industrial REIT Company Profile
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.
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