Nexus Industrial REIT (TSE:NXR.UN) Reaches New 12-Month High – Should You Buy?

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) hit a new 52-week high on Friday . The company traded as high as C$8.43 and last traded at C$8.42, with a volume of 39948 shares traded. The stock had previously closed at C$8.35.

Analysts Set New Price Targets

Separately, National Bank Financial cut their target price on Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nexus Industrial REIT has an average rating of “Hold” and an average target price of C$8.25.

View Our Latest Research Report on Nexus Industrial REIT

Nexus Industrial REIT Price Performance

The stock’s 50-day moving average is C$8.01 and its 200 day moving average is C$7.92. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The company has a market cap of C$817.49 million, a PE ratio of 14.19 and a beta of 1.28.

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported C$0.45 earnings per share (EPS) for the quarter. The business had revenue of C$46.02 million for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. On average, equities analysts anticipate that Nexus Industrial REIT will post 0.7800905 earnings per share for the current fiscal year.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 14th will be given a dividend of $0.0533 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Friday, July 31st. Nexus Industrial REIT’s dividend payout ratio is currently 107.86%.

About Nexus Industrial REIT

(Get Free Report)

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.

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