Nexus Industrial REIT (NXR.UN) to Issue Monthly Dividend of $0.05 on February 14th

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0533 per share on Friday, February 14th. This represents a $0.64 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend is Friday, January 31st.

Nexus Industrial REIT Stock Performance

Shares of NXR.UN opened at C$7.57 on Wednesday. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15. The business’s fifty day simple moving average is C$7.73 and its two-hundred day simple moving average is C$8.07. 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$535.50 million, a price-to-earnings ratio of 3.13 and a beta of 1.51.

Insider Buying and Selling

In related news, Director Edwin E. Mclaughlin purchased 50,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of C$7.88 per share, for a total transaction of C$393,845.00. Insiders purchased a total of 55,708 shares of company stock worth $438,844 over the last three months. 32.92% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NXR.UN has been the subject of several research analyst reports. CIBC lifted their price objective on Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Raymond James dropped their target price on Nexus Industrial REIT from C$9.75 to C$9.00 in a research report on Monday, January 13th. Finally, BMO Capital Markets increased their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.72.

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.