Nexus Industrial REIT (NXR.UN) To Go Ex-Dividend on December 31st

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.0533 per share on Wednesday, January 15th. This represents a $0.64 annualized dividend and a dividend yield of 8.32%. The ex-dividend date is Tuesday, December 31st.

Nexus Industrial REIT Stock Down 0.1 %

NXR.UN opened at C$7.69 on Thursday. The business’s fifty day simple moving average is C$8.00 and its 200 day simple moving average is C$7.97. Nexus Industrial REIT has a 52 week low of C$6.47 and a 52 week high of C$9.15. The firm has a market cap of C$543.99 million, a P/E ratio of 3.18 and a beta of 1.51. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.

Insider Activity at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin bought 57,120 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was bought at an average price of C$8.76 per share, for a total transaction of C$500,296.94. In the last three months, insiders have bought 114,672 shares of company stock worth $955,129. 32.92% of the stock is owned by insiders.

Analysts Set New Price Targets

NXR.UN has been the topic of a number of recent analyst reports. CIBC increased their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Raymond James boosted their price target on Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. Finally, BMO Capital Markets lifted their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$8.92.

Nexus Industrial REIT Company Profile

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.