Nexus Industrial REIT (TSE:NXR.UN) Stock Rating Lowered by National Bankshares

Nexus Industrial REIT (TSE:NXR.UN) was downgraded by stock analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a report issued on Monday,BayStreet.CA reports. They presently have a C$6.75 target price on the stock, down from their prior target price of C$8.75. National Bankshares’ target price would indicate a potential upside of 1.81% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Scotiabank cut Nexus Industrial REIT from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$8.50 to C$7.00 in a report on Tuesday, April 8th. Royal Bank of Canada dropped their price target on Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating for the company in a research note on Tuesday, March 11th. Desjardins reduced their price objective on shares of Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Finally, Raymond James dropped their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$8.22.

Nexus Industrial REIT Stock Up 2.5 %

TSE NXR.UN opened at C$6.63 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The company has a market cap of C$469.01 million, a price-to-earnings ratio of 2.74 and a beta of 1.51. The company has a 50 day moving average of C$7.01 and a 200-day moving average of C$7.65. Nexus Industrial REIT has a 1-year low of C$5.98 and a 1-year high of C$9.15.

Insider Activity at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin bought 8,000 shares of the company’s stock in a transaction on Wednesday, April 9th. The stock was purchased at an average cost of C$6.49 per share, for a total transaction of C$51,934.40. 32.92% of the stock is currently owned by insiders.

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.