Nexus Industrial REIT (TSE:NXR.UN) Announces Monthly Dividend of $0.05

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

Nexus Industrial REIT Stock Up 0.6 %

Shares of NXR.UN opened at C$7.06 on Friday. The business has a fifty day moving average of C$7.53 and a 200 day moving average of C$7.59. The company has a quick ratio of 0.12, a current ratio of 0.36 and a debt-to-equity ratio of 139.77. Nexus Industrial REIT has a 52-week low of C$6.08 and a 52-week high of C$9.97. The company has a market cap of C$485.45 million, a PE ratio of 3.03 and a beta of 1.45.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank of Canada decreased their target price 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. CIBC decreased their target price on Nexus Industrial REIT from C$10.50 to C$9.75 in a research note on Friday, March 15th. National Bankshares decreased their target price 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. Laurentian set a C$10.00 target price on Nexus Industrial REIT and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Raymond James decreased 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 note on Wednesday. Four research 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.com, Nexus Industrial REIT has an average rating of “Hold” and a consensus price target of C$8.61.

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.