Nexus Industrial REIT (TSE:NXR.UN) Issues Earnings Results

Nexus Industrial REIT (TSE:NXR.UN) announced its quarterly earnings results on Monday. The company reported C($0.18) EPS for the quarter, FiscalAI reports. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The company had revenue of C$46.62 million during the quarter.

Nexus Industrial REIT Trading Up 1.2%

TSE:NXR.UN opened at C$7.88 on Wednesday. The company has a market capitalization of C$765.06 million, a PE ratio of 13.28 and a beta of 1.29. Nexus Industrial REIT has a 52-week low of C$7.31 and a 52-week high of C$8.46. The stock’s 50 day moving average price is C$8.11 and its 200 day moving average price is C$7.93. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 14th will be paid a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, July 31st. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 107.86%.

Wall Street Analyst Weigh In

Separately, National Bank Financial lowered their target price on shares of Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.