Nexus Industrial REIT (TSE:NXR.UN) Director Buys C$17,580.00 in Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Kelly Clark Hanczyk purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average cost of C$8.79 per share, with a total value of C$17,580.00.

Nexus Industrial REIT Price Performance

Shares of NXR.UN opened at C$8.76 on Thursday. Nexus Industrial REIT has a twelve month low of C$6.08 and a twelve month high of C$9.15. The company has a market capitalization of C$619.68 million, a P/E ratio of 3.67 and a beta of 1.51. The firm has a 50 day moving average of C$8.24 and a 200 day moving average of C$7.55. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be issued a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date of this dividend is Thursday, October 31st. Nexus Industrial REIT’s payout ratio is 26.89%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James increased their price target on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Desjardins increased their price target on shares of 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. Royal Bank of Canada increased their price target on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a research note on Friday, August 16th. BMO Capital Markets lifted their target price on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Monday, August 19th. Finally, National Bankshares upgraded Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$7.50 to C$8.00 in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.