Nexus Industrial REIT (TSE:NXR.UN – Free Report) had its price target cut by National Bankshares from C$8.50 to C$7.50 in a report issued on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
A number of other brokerages have also issued reports on NXR.UN. Laurentian set a C$10.00 price target on Nexus Industrial REIT and gave the stock a buy rating in a research report on Monday, January 22nd. Raymond James boosted their price target on Nexus Industrial REIT from C$9.25 to C$9.75 and gave the stock an outperform rating in a research report on Monday, January 8th. CIBC reduced their price target on Nexus Industrial REIT from C$10.50 to C$9.75 in a research report on Friday, March 15th. TD Securities dropped their price objective on Nexus Industrial REIT from C$8.00 to C$7.50 in a research note on Wednesday. Finally, BMO Capital Markets dropped their price objective on Nexus Industrial REIT from C$8.50 to C$8.00 in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of C$8.61.
Read Our Latest Research Report on NXR.UN
Nexus Industrial REIT Trading Up 0.6 %
Nexus Industrial REIT Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date is Monday, April 29th. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 27.47%.
About Nexus Industrial REIT
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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