Nexus Industrial REIT (TSE:NXR.UN) Price Target Lowered to C$8.50 at Desjardins

Nexus Industrial REIT (TSE:NXR.UN) had its target price dropped by analysts at Desjardins from C$9.00 to C$8.50 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 11.11% from the stock’s previous close.

Nexus Industrial REIT Stock Performance

TSE:NXR.UN remained flat at C$7.65 during mid-day trading on Tuesday. The company’s stock had a trading volume of 105,536 shares, compared to its average volume of 182,514. The business has a 50-day simple moving average of C$7.95 and a two-hundred day simple moving average of C$7.85. The company has a market capitalization of C$742.22 million, a price-to-earnings ratio of 9.26 and a beta of 1.43. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$8.41. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT (TSE:NXR.UN) last announced its earnings results on Thursday, March 5th. The company reported C$0.43 earnings per share for the quarter. The business had revenue of C$44.88 million during the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. As a group, research analysts anticipate that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

About Nexus Industrial REIT

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.