National Bankshares Issues Pessimistic Forecast for Nexus Industrial REIT (TSE:NXR.UN) Stock Price

Nexus Industrial REIT (TSE:NXR.UN) had its target price decreased by National Bankshares from C$8.50 to C$8.25 in a research report released on Wednesday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other brokerages have also weighed in on NXR.UN. TD Securities boosted their price objective on Nexus Industrial REIT from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research report on Wednesday. Raymond James Financial upped their price target on Nexus Industrial REIT from C$8.25 to C$8.50 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Scotiabank increased their price objective on Nexus Industrial REIT from C$7.00 to C$7.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 21st. Finally, CIBC increased their price objective on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the company a “neutral” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$8.34.

Nexus Industrial REIT Price Performance

Nexus Industrial REIT stock opened at C$7.91 on Wednesday. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$9.15. The firm has a market cap of C$559.55 million, a PE ratio of 3.27 and a beta of 1.51. The stock’s fifty day moving average price is C$7.66 and its two-hundred day moving average price is C$7.26.

Nexus Industrial REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.0533 per share. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 8.1%. Nexus Industrial REIT’s payout ratio is currently 26.45%.

Insiders Place Their Bets

In other news, Director Edwin E. Mclaughlin bought 3,372 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was bought at an average price of C$7.91 per share, with a total value of C$26,678.25. Also, Director Daniel Martin Oberste acquired 5,000 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of C$7.54 per share, with a total value of C$37,675.00. Over the last quarter, insiders have acquired 11,920 shares of company stock valued at $90,838. Company insiders own 32.92% of the company’s stock.

About Nexus Industrial REIT

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.