Nexus Industrial REIT (OTCMKTS:EFRTF) Given New C$12.50 Price Target at Raymond James

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Rating) had its price target cut by Raymond James from C$13.00 to C$12.50 in a research report sent to investors on Thursday morning, The Fly reports.

EFRTF has been the subject of a number of other reports. Royal Bank of Canada dropped their target price on shares of Nexus Industrial REIT from C$11.75 to C$11.50 in a research note on Friday, December 9th. Scotiabank assumed coverage on shares of Nexus Industrial REIT in a research note on Monday, January 30th. They issued an outperform rating for the company. BMO Capital Markets assumed coverage on shares of Nexus Industrial REIT in a research note on Monday, February 13th. They issued a market perform rating for the company. National Bank Financial lifted their price target on shares of Nexus Industrial REIT from C$10.75 to C$11.25 in a research report on Monday, January 30th. Finally, Canaccord Genuity Group lifted their price target on shares of Nexus Industrial REIT from C$11.75 to C$12.00 in a research report on Wednesday, November 16th.

Nexus Industrial REIT Price Performance

Shares of OTCMKTS EFRTF opened at $7.12 on Thursday. Nexus Industrial REIT has a 1-year low of $6.02 and a 1-year high of $11.10. The company has a 50-day moving average of $7.79 and a two-hundred day moving average of $7.26.

Nexus Industrial REIT Company Profile

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Nexus 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 located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.