Edwin E. Mclaughlin Acquires 2,405 Shares of Nexus Industrial REIT (TSE:NXR.UN) Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin bought 2,405 shares of Nexus Industrial REIT stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of C$7.96 per share, with a total value of C$19,136.10.

Nexus Industrial REIT Stock Down 0.6 %

Nexus Industrial REIT stock opened at C$8.09 on Wednesday. Nexus Industrial REIT has a fifty-two week low of C$6.47 and a fifty-two week high of C$9.15. The firm has a market capitalization of C$572.29 million, a price-to-earnings ratio of 3.34 and a beta of 1.51. The stock’s fifty day moving average is C$8.59 and its two-hundred day moving average is C$7.82. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44.

Nexus Industrial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.0533 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 7.91%. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 26.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. CIBC raised their price objective on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Raymond James raised their price target on Nexus Industrial REIT from C$9.25 to C$9.50 in a report on Friday, September 6th. Royal Bank of Canada upped their price objective on Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Friday, August 16th. BMO Capital Markets raised their target price on Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. Finally, Desjardins upped their price target on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Nexus Industrial REIT has an average rating of “Moderate Buy” and a consensus price target 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.