Shares of Nexus Industrial REIT (TSE:NXR.UN – Get 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%
Nexus Industrial REIT (TSE:NXR.UN – Get 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
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.
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