Nexus Industrial REIT (TSE:NXR.UN) Reaches New 12-Month High – Should You Buy?

Shares of Nexus Industrial REIT (TSE:NXR.UNGet Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$8.43 and last traded at C$8.42, with a volume of 39948 shares traded. The stock had previously closed at C$8.35.

Analyst Upgrades and Downgrades

Separately, National Bank Financial dropped their target price on shares of Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$8.25.

Read Our Latest Report on Nexus Industrial REIT

Nexus Industrial REIT Trading Up 0.8%

The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The stock has a 50-day simple moving average of C$8.01 and a 200 day simple moving average of C$7.92. The company has a market cap of C$817.49 million, a price-to-earnings ratio of 14.19 and a beta of 1.28.

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.45 earnings per share (EPS) for the quarter. The company had revenue of C$46.02 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, equities research analysts predict that Nexus Industrial REIT will post 0.7800905 EPS for the current fiscal year.

Nexus Industrial REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 14th will be given a dividend of $0.0533 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Friday, July 31st. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 107.86%.

About Nexus Industrial REIT

(Get Free Report)

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.

See Also

Receive News & Ratings for Nexus Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexus Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.