Nexus Industrial REIT (TSE:NXR.UN) Director Buys C$10,680.00 in Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Kelly Clark Hanczyk acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average cost of C$7.12 per share, with a total value of C$10,680.00.

Kelly Clark Hanczyk also recently made the following trade(s):

• On Friday, April 12th, Kelly Clark Hanczyk acquired 1,392 shares of Nexus Industrial REIT stock. The shares were acquired at an average cost of C$7.20 per share, with a total value of C$10,022.40.
• On Tuesday, March 26th, Kelly Clark Hanczyk acquired 1,336 shares of Nexus Industrial REIT stock. The shares were acquired at an average cost of C$7.48 per share, with a total value of C$9,993.28.

Nexus Industrial REIT Stock Performance

TSE:NXR.UN opened at C$7.07 on Friday. Nexus Industrial REIT has a fifty-two week low of C$6.08 and a fifty-two week high of C$8.95. The company has a debt-to-equity ratio of 139.77, a quick ratio of 0.12 and a current ratio of 0.36. The company has a 50 day moving average price of C$7.29 and a 200 day moving average price of C$7.65. The stock has a market capitalization of C$487.05 million, a P/E ratio of 3.03 and a beta of 1.46.

Nexus Industrial REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were issued a $0.0533 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.64 annualized dividend and a yield of 9.05%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 27.47%.

Analyst Ratings Changes

Several brokerages recently issued reports on NXR.UN. TD Securities dropped their price objective on shares of Nexus Industrial REIT from C$8.00 to C$7.50 in a research note on Wednesday, April 24th. BMO Capital Markets dropped their price objective on shares of Nexus Industrial REIT from C$8.50 to C$8.00 in a research note on Monday, March 25th. National Bankshares dropped their price objective on shares of 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, April 24th. Royal Bank of Canada dropped their price target on shares of Nexus Industrial REIT from C$8.50 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. Finally, Raymond James dropped 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 note on Thursday, May 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nexus Industrial REIT has a consensus rating of “Moderate Buy” and a consensus target price of C$8.42.

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.