Shares of Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$8.72.
NXR.UN has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a research report on Friday. Desjardins upped their price objective on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the company a “buy” rating in a research note on Friday. National Bankshares upgraded Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$7.50 to C$8.00 in a research report on Thursday, July 18th. TD Securities reduced their target price on Nexus Industrial REIT from C$8.00 to C$7.50 in a report on Wednesday, April 24th. Finally, Raymond James raised their price target on Nexus Industrial REIT from C$8.50 to C$9.25 and gave the stock an “outperform” rating in a research note on Friday.
Check Out Our Latest Stock Report on NXR.UN
Nexus Industrial REIT Price Performance
Nexus Industrial REIT Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be issued a $0.0533 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.17%. Nexus Industrial REIT’s payout ratio is 21.99%.
Insider Activity
In other news, Director Edwin E. Mclaughlin acquired 100,000 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of C$6.80 per share, with a total value of C$679,850.00. In other news, Director Edwin E. Mclaughlin acquired 100,000 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of C$6.80 per share, with a total value of C$679,850.00. Also, Director Edwin E. Mclaughlin acquired 9,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of C$7.07 per share, for a total transaction of C$63,586.80. Insiders have acquired 111,160 shares of company stock valued at $758,691 in the last ninety days. 32.95% of the stock is currently owned by company insiders.
About Nexus Industrial REIT
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.
Further Reading
- Five stocks we like better than Nexus Industrial REIT
- 5 discounted opportunities for dividend growth investors
- This Small Cap Wealth Management Stock Could Provide Big Returns
- Profitably Trade Stocks at 52-Week Highs
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- MarketBeat Week in Review – 8/12 – 8/16
Receive News & Ratings for Nexus Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexus Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.