Nexus Industrial REIT (TSE:NXR.UN) Director Buys C$15,987.48 in Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 1,844 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of C$8.67 per share, with a total value of C$15,987.48.

Nexus Industrial REIT Stock Down 0.7 %

NXR.UN stock opened at C$8.68 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm’s 50-day simple moving average is C$8.47 and its 200 day simple moving average is C$7.64. The stock has a market cap of C$614.02 million, a PE ratio of 3.61 and a beta of 1.51. Nexus Industrial REIT has a fifty-two week low of C$6.08 and a fifty-two week high of C$9.15.

Nexus Industrial REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0533 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.37%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 26.45%.

Wall Street Analysts Forecast Growth

NXR.UN has been the subject of a number of research reports. National Bankshares upgraded Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$7.50 to C$8.00 in a research note on Thursday, July 18th. Raymond James boosted their price target on Nexus Industrial REIT from C$9.25 to C$9.50 in a report on Friday, September 6th. Desjardins raised their price objective on Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. Scotiabank boosted their target price on shares of Nexus Industrial REIT from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada raised their price target on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a research report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$8.81.

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.