Nexus Industrial REIT (TSE:NXR.UN) Given Average Rating of “Hold” by Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UNGet Free Report) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$8.13.

Separately, Desjardins cut their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating on the stock in a research report on Tuesday, March 10th.

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Nexus Industrial REIT Stock Performance

Shares of NXR.UN stock opened at C$7.61 on Friday. Nexus Industrial REIT has a fifty-two week low of C$5.98 and a fifty-two week high of C$8.41. The company has a 50 day moving average price of C$7.74 and a 200 day moving average price of C$7.81. The stock has a market capitalization of C$738.73 million, a P/E ratio of 12.40 and a beta of 1.43. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44.

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) last released its earnings results on Thursday, March 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The company had revenue of C$44.88 million for the quarter. 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 announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a dividend of $0.0533 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Thursday, April 30th. Nexus Industrial REIT’s payout ratio is presently 104.27%.

Nexus Industrial REIT Company Profile

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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.

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Analyst Recommendations for Nexus Industrial REIT (TSE:NXR.UN)

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