Nexus Industrial REIT (TSE:NXR.UN) Plans Monthly Dividend of $0.05

Nexus Industrial REIT (TSE:NXR.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0533 per share on Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 8.57%. The ex-dividend date is Friday, February 28th.

Nexus Industrial REIT Price Performance

Shares of Nexus Industrial REIT stock traded up C$0.11 during midday trading on Wednesday, reaching C$7.46. The company had a trading volume of 78,713 shares, compared to its average volume of 174,118. The stock has a fifty day simple moving average of C$7.50 and a 200 day simple moving average of C$8.03. 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 current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The company has a market capitalization of C$527.72 million, a price-to-earnings ratio of 3.08 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James cut their price target on Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. CIBC upped their target price on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Nexus Industrial REIT currently has an average rating of “Moderate Buy” and a consensus target price of C$8.72.

Insider Activity

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin bought 50,000 shares of Nexus Industrial REIT stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of C$7.88 per share, for a total transaction of C$393,845.00. 32.92% of the stock is currently owned by company insiders.

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.