Insider Buying: Nexus Industrial REIT (TSE:NXR.UN) Director Purchases C$393,845.00 in Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin purchased 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of C$7.88 per share, with a total value of C$393,845.00.

Nexus Industrial REIT Price Performance

TSE NXR.UN opened at C$7.88 on Friday. The company has a market cap of C$557.43 million, a price-to-earnings ratio of 3.26 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 stock’s fifty day moving average price is C$8.25 and its 200 day moving average price is C$7.91. Nexus Industrial REIT has a 1 year low of C$6.47 and a 1 year high of C$9.15.

Nexus Industrial REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a yield of 8.12%. The ex-dividend date was Friday, November 29th. Nexus Industrial REIT’s dividend payout ratio is currently 26.45%.

Wall Street Analysts Forecast Growth

NXR.UN has been the subject of a number of analyst reports. Royal Bank of Canada upped their target price on Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Friday, August 16th. BMO Capital Markets raised their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. Scotiabank lifted their target price on 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. CIBC increased 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. Finally, Desjardins lifted their price objective on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Nexus Industrial REIT presently has a consensus rating of “Moderate Buy” and a consensus price target 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.