Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) had its price target reduced by analysts at Royal Bank of Canada from C$10.50 to C$9.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 16.13% from the stock’s current price.
NXR.UN has been the subject of a number of other reports. National Bankshares reduced their price objective on shares of Nexus Industrial REIT from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Thursday. Raymond James upped their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.25 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets reduced their price objective on shares of Nexus Industrial REIT from C$10.00 to C$8.50 and set a “market perform” rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$9.67.
Nexus Industrial REIT Stock Up 4.2 %
About Nexus Industrial REIT
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.
- Five stocks we like better than Nexus Industrial REIT
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- The most upgraded stocks in November have two things in common
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Monday.com rocked earnings like it’s the weekend
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Plan to own one retailer? Make it this one
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.