Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin Buys 2,463 Shares

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin purchased 2,463 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of C$7.82 per share, for a total transaction of C$19,260.66.

Nexus Industrial REIT Stock Down 3.5 %

NXR.UN opened at C$7.48 on Thursday. The company has a fifty day moving average of C$8.22 and a two-hundred day moving average of C$7.92. The stock has a market capitalization of C$529.14 million, a price-to-earnings ratio of 3.09 and a beta of 1.51. Nexus Industrial REIT has a fifty-two week low of C$6.47 and a fifty-two week high of C$9.15. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44.

Nexus Industrial REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a $0.0533 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 8.55%. Nexus Industrial REIT’s dividend payout ratio is presently 26.45%.

Wall Street Analyst Weigh In

Several analysts have recently commented on NXR.UN shares. BMO Capital Markets upped their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. CIBC upped their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Finally, Raymond James lifted their price objective on Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$8.92.

Nexus Industrial REIT Company Profile

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.