Nexus Industrial REIT (NXR.UN) to Issue Monthly Dividend of $0.05 on December 13th

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.0533 per share on Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date is Friday, November 29th.

Nexus Industrial REIT Stock Performance

Shares of NXR.UN traded up C$0.01 on Wednesday, reaching C$7.97. The company’s stock had a trading volume of 22,741 shares, compared to its average volume of 148,702. Nexus Industrial REIT has a 12-month low of C$6.47 and a 12-month high of C$9.15. The stock has a market capitalization of C$563.80 million, a P/E ratio of 3.30 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 50 day simple moving average is C$8.51 and its two-hundred day simple moving average is C$7.85.

Insider Transactions at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin bought 57,120 shares of the stock in a transaction on Friday, October 4th. The stock was bought at an average cost of C$8.76 per share, for a total transaction of C$500,296.94. In the last three months, insiders purchased 118,991 shares of company stock valued at $1,023,523. Corporate insiders own 32.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NXR.UN shares. BMO Capital Markets boosted their price target on Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. Royal Bank of Canada upped their target price on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a research report on Friday, August 16th. Raymond James lifted their price target on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a report on Friday, September 6th. Scotiabank increased their price objective on shares of 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. Finally, Desjardins raised their price objective on 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Nexus Industrial REIT has an average rating of “Moderate Buy” and a consensus target price of C$8.92.

Nexus Industrial REIT Company Profile

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.