Insider Buying: Nexus Industrial REIT (TSE:NXR.UN) Director Buys 3,229 Shares of Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin purchased 3,229 shares of Nexus Industrial REIT stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average price of C$6.93 per share, with a total value of C$22,376.97.

Nexus Industrial REIT Stock Down 0.4 %

Nexus Industrial REIT stock traded down C$0.03 during mid-day trading on Wednesday, reaching C$6.96. 78,336 shares of the company’s stock were exchanged, compared to its average volume of 191,941. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The company has a market cap of C$492.35 million, a P/E ratio of 2.88 and a beta of 1.51. The company has a fifty day moving average of C$7.28 and a 200-day moving average of C$7.90. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15.

Nexus Industrial REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date was Friday, February 28th. Nexus Industrial REIT’s dividend payout ratio is presently 26.45%.

Analyst Ratings Changes

A number of research analysts have weighed in on NXR.UN shares. Royal Bank of Canada decreased their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating for the company in a research report on Tuesday, March 11th. Raymond James reduced their price target 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. Finally, Desjardins dropped their price target on Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating for the company in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$8.63.

About Nexus Industrial REIT

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.