Nexus Industrial REIT (TSE:NXR.UN) Price Target Raised to C$9.00
by Kim Johansen · The Markets DailyNexus Industrial REIT (TSE:NXR.UN – Free Report) had its price target raised by Raymond James Financial from C$8.25 to C$9.00 in a research note published on Tuesday,BayStreet reports. Raymond James Financial currently has an outperform rating on the stock.
A number of other equities analysts have also commented on NXR.UN. Desjardins raised their price target on Nexus Industrial REIT from C$8.25 to C$8.75 and gave the stock a “buy” rating in a report on Monday. National Bank Financial boosted their price objective on Nexus Industrial REIT from C$7.75 to C$8.25 and gave the company a “sector perform” rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$8.67.
View Our Latest Report on NXR.UN
Nexus Industrial REIT Trading Down 0.1%
Shares of Nexus Industrial REIT stock opened at C$8.15 on Tuesday. The stock has a market capitalization of C$791.37 million, a P/E ratio of 9.67 and a beta of 1.13. Nexus Industrial REIT has a 52-week low of C$7.01 and a 52-week high of C$8.46. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The stock’s 50-day simple moving average is C$7.37 and its 200 day simple moving average is C$7.78.
Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) last posted its earnings results on Friday, November 6th. The company reported C$0.33 earnings per share for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The firm had revenue of C$45.74 million during the quarter. As a group, research analysts anticipate that Nexus Industrial REIT will post 0.78 EPS for the current year.
Nexus Industrial REIT Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 13th will be given a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Friday, October 30th. Nexus Industrial REIT’s dividend payout ratio (DPR) is 75.92%.
Nexus Industrial REIT Company Profile
Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 73,490,000 REIT Units and approximately 23,607,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.