Nexus Real Estate Investment Trust (OTCMKTS:EFRTF) had its price target raised by equities researchers at Raymond James from C$13.75 to C$14.00 in a report issued on Thursday, The Fly reports. The firm presently has a “strong-buy” rating on the stock.
Several other brokerages have also issued reports on EFRTF. Desjardins raised their price objective on Nexus Real Estate Investment Trust from C$13.00 to C$13.25 and gave the stock a “buy” rating in a report on Wednesday, August 25th. BMO Capital Markets raised their price objective on Nexus Real Estate Investment Trust from C$11.75 to C$13.25 and gave the stock an “outperform” rating in a report on Monday, August 16th.
Shares of EFRTF stock remained flat at $$10.41 during mid-day trading on Thursday. The company’s stock had a trading volume of 4 shares, compared to its average volume of 2,819. The firm’s 50-day moving average price is $9.80 and its two-hundred day moving average price is $8.42. Nexus Real Estate Investment Trust has a 12 month low of $4.92 and a 12 month high of $11.40.
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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