Shares of Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$8.61.
NXR.UN has been the subject of a number of research analyst reports. Laurentian set a C$10.00 price objective on shares of Nexus Industrial REIT and gave the company a “buy” rating in a research report on Monday, January 22nd. CIBC reduced their price objective on Nexus Industrial REIT from C$10.50 to C$9.75 in a research report on Friday, March 15th. National Bankshares lowered their price objective on Nexus Industrial REIT from C$8.50 to C$7.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Royal Bank of Canada cut 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. Finally, BMO Capital Markets decreased their price target on shares of Nexus Industrial REIT from C$8.50 to C$8.00 in a research note on Monday, March 25th.
View Our Latest Analysis on NXR.UN
Nexus Industrial REIT Price Performance
Nexus Industrial REIT Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a dividend of $0.0533 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.64 annualized dividend and a dividend yield of 8.91%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 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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