Nexus Industrial REIT (TSE:NXR.UN) Stock Price Expected to Rise, Desjardins Analyst Says

Nexus Industrial REIT (TSE:NXR.UN) had its target price upped by equities researchers at Desjardins from C$8.25 to C$8.75 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s price target would indicate a potential upside of 5.17% from the company’s current price.

Separately, National Bank Financial upped their target price on shares of Nexus Industrial REIT from C$7.75 to C$8.25 and gave the stock a “sector perform” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$8.50.

Nexus Industrial REIT Trading Up 4.4%

Shares of Nexus Industrial REIT stock traded up C$0.35 during midday trading on Monday, reaching C$8.32. 517,323 shares of the company’s stock traded hands, compared to its average volume of 194,711. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The stock has a 50 day moving average of C$7.32 and a 200-day moving average of C$7.78. Nexus Industrial REIT has a 12 month low of C$7.01 and a 12 month high of C$8.46. The company has a market cap of C$807.87 million, a PE ratio of 15.34 and a beta of 1.13.

Nexus Industrial REIT (TSE:NXR.UN) last issued its quarterly earnings results on Friday, November 6th. The company reported C$0.33 earnings per share for the quarter. The firm had revenue of C$45.74 million during the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. As a group, equities analysts expect that Nexus Industrial REIT will post 0.78 EPS for the current fiscal year.

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.