Nexus Industrial REIT (NXR.UN) To Go Ex-Dividend on April 29th

Nexus Industrial REIT (TSE:NXR.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.0533 per share on Wednesday, May 15th. This represents a $0.64 annualized dividend and a dividend yield of 9.06%. The ex-dividend date of this dividend is Monday, April 29th.

Nexus Industrial REIT Stock Performance

Shares of NXR.UN traded up C$0.04 during mid-day trading on Friday, hitting C$7.06. The company’s stock had a trading volume of 93,614 shares, compared to its average volume of 148,745. Nexus Industrial REIT has a one year low of C$6.08 and a one year high of C$9.97. The company has a debt-to-equity ratio of 139.77, a quick ratio of 0.12 and a current ratio of 0.36. The firm has a market capitalization of C$485.45 million, a PE ratio of 3.03 and a beta of 1.45. The stock’s 50-day moving average is C$7.53 and its two-hundred day moving average is C$7.59.

Analysts Set New Price Targets

Several research analysts recently commented on NXR.UN shares. Raymond James reduced their target price on Nexus Industrial REIT from C$9.75 to C$9.00 and set an “outperform” rating for the company in a research report 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. Royal Bank of Canada dropped their price objective 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. Laurentian set a C$10.00 price objective on Nexus Industrial REIT and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, National Bankshares dropped their price objective on Nexus Industrial REIT from C$8.50 to C$7.50 and set a “sector perform” rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$8.61.

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.