Nexus Industrial REIT (NXR.UN) to Distribute Monthly Dividend of $0.05 on July 15th

Nexus Industrial REIT (TSE:NXR.UN) announced a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0533 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Nexus Industrial REIT Trading Down 0.1%

NXR.UN opened at C$8.06 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The stock has a market capitalization of C$782.54 million, a PE ratio of 13.58 and a beta of 1.29. The firm has a 50-day moving average price of C$7.98 and a two-hundred day moving average price of C$7.88. Nexus Industrial REIT has a 1-year low of C$7.31 and a 1-year high of C$8.41.

Nexus Industrial REIT (TSE:NXR.UN) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.45 earnings per share (EPS) for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%.The firm had revenue of C$46.02 million for the quarter. As a group, equities analysts anticipate that Nexus Industrial REIT will post 0.7800905 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. National Bank Financial cut their price objective on shares of Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Desjardins reduced their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating for the company in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Nexus Industrial REIT currently has a consensus rating of “Hold” and a consensus target price of C$8.25.

Nexus Industrial REIT Company Profile

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.