Nexus Industrial REIT (TSE:NXR.UN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$8.29.

Several brokerages recently issued reports on NXR.UN. National Bankshares cut their target price on shares of Nexus Industrial REIT from C$8.50 to C$8.25 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. TD Securities boosted their price objective on shares of Nexus Industrial REIT from C$7.00 to C$8.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. CIBC upped their price objective on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Finally, Desjardins raised their target price on Nexus Industrial REIT from C$8.75 to C$9.00 and gave the stock a “buy” rating in a report on Monday, October 6th.

Nexus Industrial REIT Stock Performance

NXR.UN stock opened at C$7.63 on Wednesday. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. Nexus Industrial REIT has a 1 year low of C$5.98 and a 1 year high of C$8.28. The company has a market cap of C$740.28 million, a P/E ratio of 9.23 and a beta of 1.56. The stock’s fifty day moving average price is C$7.79 and its 200-day moving average price is C$7.71.

Nexus Industrial REIT (TSE:NXR.UN) last posted its earnings results on Thursday, November 13th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$43.30 million for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. On average, equities analysts forecast that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

Nexus Industrial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 14th were given a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend was Friday, October 31st. Nexus Industrial REIT’s payout ratio is presently 77.46%.

Nexus Industrial REIT Company Profile

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.