Nexus Industrial REIT (TSE:NXR.UN – Free Report) had its target price cut by TD Securities from C$8.00 to C$7.50 in a research report released on Wednesday, BayStreet.CA reports.
NXR.UN has been the topic of a number of other reports. Raymond James boosted their price target on shares of Nexus Industrial REIT from C$9.25 to C$9.75 and gave the stock an outperform rating in a research note on Monday, January 8th. Laurentian set a C$10.00 price target on shares of Nexus Industrial REIT and gave the stock a buy rating in a research note on Monday, January 22nd. National Bankshares cut their price target on shares of Nexus Industrial REIT from C$8.75 to C$8.50 in a research note on Friday, March 15th. CIBC cut their price target on shares of Nexus Industrial REIT from C$10.50 to C$9.75 in a research note on Friday, March 15th. Finally, Royal Bank of Canada cut their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a sector perform rating on the stock in a research note on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nexus Industrial REIT presently has a consensus rating of Hold and a consensus target price of C$8.61.
Check Out Our Latest Report on Nexus Industrial REIT
Nexus Industrial REIT Stock Up 0.6 %
Nexus Industrial REIT Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.0533 dividend. 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’s payout ratio is currently 27.47%.
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.
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