Nexus Industrial REIT (TSE:NXR.UN) Price Target Cut to C$8.75 by Analysts at Royal Bank of Canada

Nexus Industrial REIT (TSE:NXR.UN) had its price target dropped by equities research analysts at Royal Bank of Canada from C$9.00 to C$8.75 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 27.55% from the stock’s current price.

NXR.UN has been the subject of several other reports. CIBC boosted their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Raymond James dropped their target price on Nexus Industrial REIT from C$9.75 to C$9.00 in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Nexus Industrial REIT currently has an average rating of “Moderate Buy” and a consensus target price of C$8.63.

Nexus Industrial REIT Price Performance

Shares of TSE:NXR.UN traded down C$0.31 on Tuesday, hitting C$6.86. The company’s stock had a trading volume of 364,307 shares, compared to its average volume of 184,394. 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 market capitalization of C$485.28 million, a PE ratio of 2.83 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 company has a 50-day simple moving average of C$7.44 and a 200 day simple moving average of C$8.01.

About Nexus Industrial REIT

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.