Nexus Industrial REIT (TSE:NXR.UN) Given Consensus Rating of “Hold” by Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN) have earned an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$8.21.

Separately, Desjardins lowered their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating on the stock in a research note on Tuesday.

Nexus Industrial REIT Stock Performance

Shares of Nexus Industrial REIT stock traded down C$0.03 during trading on Tuesday, reaching C$7.62. The company’s stock had a trading volume of 135,591 shares, compared to its average volume of 182,935. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$8.41. 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 firm has a market cap of C$739.31 million, a price-to-earnings ratio of 9.22 and a beta of 1.43. The business’s fifty day moving average price is C$7.95 and its 200-day moving average price is C$7.85.

Nexus Industrial REIT (TSE:NXR.UN) last released its earnings results on Thursday, March 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%.The firm had revenue of C$44.88 million for the quarter. As a group, equities research analysts predict that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

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.