Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin Acquires 2,405 Shares

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 2,405 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of C$7.96 per share, with a total value of C$19,136.10.

Nexus Industrial REIT Stock Down 0.9 %

Shares of TSE NXR.UN opened at C$8.02 on Thursday. Nexus Industrial REIT has a 1 year low of C$6.47 and a 1 year high of C$9.15. The company has a market capitalization of C$567.33 million, a price-to-earnings ratio of 3.31 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The business has a 50-day moving average of C$8.58 and a two-hundred day moving average of C$7.83.

Nexus Industrial REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.0533 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 7.98%. Nexus Industrial REIT’s payout ratio is currently 26.45%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NXR.UN. CIBC boosted their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Desjardins upped their target price on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the company a “buy” rating in a research report on Friday, August 16th. Raymond James boosted their target price on Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. BMO Capital Markets raised their price target on Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. Finally, Scotiabank boosted their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Nexus Industrial REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.92.

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.