Royal Bank of Canada Trims Nexus Industrial REIT (OTCMKTS:EFRTF) Target Price to C$11.00

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Rating) had its price objective cut by Royal Bank of Canada from C$11.50 to C$11.00 in a report issued on Thursday morning, The Fly reports.

Several other analysts have also recently issued reports on EFRTF. National Bank Financial decreased their target price on shares of Nexus Industrial REIT from C$11.25 to C$11.00 in a research report on Thursday. BMO Capital Markets began coverage on shares of Nexus Industrial REIT in a research report on Monday, February 13th. They set a market perform rating on the stock. Scotiabank began coverage on shares of Nexus Industrial REIT in a research report on Monday, January 30th. They set an outperform rating on the stock. Desjardins began coverage on shares of Nexus Industrial REIT in a research report on Monday, December 12th. They set a buy rating on the stock. Finally, Canaccord Genuity Group upped their target price 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 Stock Performance

Shares of EFRTF stock opened at $7.12 on Thursday. The company’s fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $7.26. Nexus Industrial REIT has a 52 week low of $6.02 and a 52 week high of $11.10.

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.