Nexus Industrial REIT (OTCMKTS:EFRTF) Shares Climb 0.4% – Still a Buy?

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Free Report)’s share price was up 0.4% during trading on Tuesday. The company traded as high as $4.9810 and last traded at $4.9810. 29,709 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 47,770 shares. The stock had previously closed at $4.96.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Scotiabank reissued a “sector perform” rating on shares of Nexus Industrial REIT in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Nexus Industrial REIT in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on EFRTF

Nexus Industrial REIT Price Performance

The company’s 50-day moving average is $5.43 and its 200 day moving average is $5.66.

About Nexus Industrial REIT

(Get Free Report)

Nexus Industrial REIT (OTCMKTS:EFRTF) is a Canadian real estate investment trust that owns and operates income-producing commercial properties. The trust focuses primarily on industrial real estate, including distribution, warehouse, manufacturing and other functional industrial facilities.

The REIT generates revenue by leasing space to a diversified group of commercial tenants. Its portfolio has also included select office and retail properties, although industrial real estate represents its principal area of focus.

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