Nexus Industrial REIT (TSE:NXR.UN) Given Average Rating of “Hold” by Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UNGet Free Report) have been given a consensus rating of “Hold” by the six research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$8.13.

Separately, Desjardins decreased their price target on 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.

View Our Latest Stock Report on NXR.UN

Nexus Industrial REIT Price Performance

Shares of NXR.UN opened at C$7.61 on Friday. Nexus Industrial REIT has a 1-year low of C$5.98 and a 1-year high of C$8.41. The stock has a market cap of C$738.73 million, a PE ratio of 12.40 and a beta of 1.43. The firm has a 50-day simple moving average of C$7.74 and a two-hundred day simple moving average of C$7.81. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12.

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.43 EPS for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The firm had revenue of C$44.88 million for the quarter. As a group, analysts forecast that Nexus Industrial REIT will post 0.7800905 EPS for the current year.

Nexus Industrial REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a dividend of $0.0533 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 8.4%. Nexus Industrial REIT’s dividend payout ratio is presently 104.27%.

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.

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Analyst Recommendations for Nexus Industrial REIT (TSE:NXR.UN)

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