Nexus Industrial REIT (TSE:NXR.UN) Releases Quarterly Earnings Results

Nexus Industrial REIT (TSE:NXR.UN) posted its quarterly earnings results on Monday. The company reported C$0.45 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$46.02 million for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%.

Nexus Industrial REIT Price Performance

Shares of NXR.UN stock traded down C$0.03 during midday trading on Monday, reaching C$8.06. 137,195 shares of the company were exchanged, compared to its average volume of 180,820. Nexus Industrial REIT has a 12 month low of C$7.01 and a 12 month high of C$8.41. The company has a market cap of C$782.51 million, a P/E ratio of 13.13 and a beta of 1.38. The company’s 50 day moving average price is C$7.78 and its two-hundred day moving average price is C$7.83. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be given a $0.0533 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.9%. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 104.27%.

Wall Street Analysts Forecast Growth

Separately, Desjardins cut their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Nexus Industrial REIT presently has an average rating of “Hold” and a consensus target price of C$8.13.

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.