Nexus Industrial REIT (OTCMKTS:EFRTF) Shares Down 1% – What’s Next?

Shares of Nexus Industrial REIT (OTCMKTS:EFRTF) dropped 1% during mid-day trading on Tuesday . The stock traded as low as $4.86 and last traded at $4.86. Approximately 4,424 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 67,939 shares. The stock had previously closed at $4.91.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued a “sector perform” rating on shares of Nexus Industrial REIT in a research note on Tuesday, March 11th.

Nexus Industrial REIT Stock Down 1.0 %

The company’s 50 day moving average price is $5.11 and its 200 day moving average price is $5.67.

About Nexus Industrial REIT

Nexus Industrial REIT 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 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area.