Nexus Industrial REIT (TSE:NXR.UN – Free Report) had its price objective trimmed by National Bankshares from C$8.50 to C$7.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
Other research analysts have also issued reports about the company. Royal Bank of Canada cut their target price on Nexus Industrial REIT from C$9.00 to C$8.50 and set a sector perform rating for the company in a research note on Monday, March 18th. BMO Capital Markets dropped their price objective on Nexus Industrial REIT from C$8.50 to C$8.00 in a research note on Monday, March 25th. TD Securities dropped their price objective on Nexus Industrial REIT from C$8.00 to C$7.50 in a research note on Wednesday. CIBC dropped their price objective on Nexus Industrial REIT from C$10.50 to C$9.75 in a research note on Friday, March 15th. Finally, Raymond James increased their price objective on Nexus Industrial REIT from C$9.25 to C$9.75 and gave the stock an outperform rating in a research note on Monday, January 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of C$8.61.
Read Our Latest Research Report on NXR.UN
Nexus Industrial REIT Stock Performance
Nexus Industrial REIT Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be paid a $0.0533 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.96%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 27.47%.
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.
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