Scotiabank Lowers Nexus Industrial REIT (OTCMKTS:EFRTF) Price Target to C$11.50

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Rating) had its price target dropped by equities researchers at Scotiabank from C$12.00 to C$11.50 in a research note issued on Friday, The Fly reports.

EFRTF has been the topic of a number of other reports. Royal Bank of Canada reduced their price target on shares of Nexus Industrial REIT from C$11.50 to C$11.00 in a research note on Thursday. Desjardins initiated coverage on shares of Nexus Industrial REIT in a research note on Monday, December 12th. They issued a “buy” rating on the stock. Raymond James reduced their price target on shares of Nexus Industrial REIT from C$13.00 to C$12.50 in a research note on Thursday. BMO Capital Markets began coverage on shares of Nexus Industrial REIT in a research note on Monday, February 13th. They issued a “market perform” rating on the stock. Finally, National Bank Financial cut their target price on shares of Nexus Industrial REIT from C$11.25 to C$11.00 in a research note on Thursday.

Nexus Industrial REIT Price Performance

Nexus Industrial REIT stock opened at $7.12 on Friday. The company’s 50 day simple moving average is $7.79 and its 200-day simple moving average is $7.26. Nexus Industrial REIT has a 1 year low of $6.02 and a 1 year high of $11.10.

Nexus Industrial REIT Company Profile

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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.