Nexus Industrial REIT Announces Monthly Dividend of $0.05 (TSE:NXR.UN)

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0533 per share on Friday, February 14th. This represents a $0.64 annualized dividend and a yield of 8.43%. The ex-dividend date of this dividend is Friday, January 31st.

Nexus Industrial REIT Price Performance

TSE NXR.UN opened at C$7.59 on Wednesday. The stock has a 50-day simple moving average of C$7.73 and a 200 day simple moving average of C$8.07. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15. The stock has a market capitalization of C$536.92 million, a PE ratio of 3.14 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NXR.UN. Raymond James lowered their price objective on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. BMO Capital Markets boosted their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. Finally, CIBC upped their price objective on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Nexus Industrial REIT presently has an average rating of “Moderate Buy” and an average target price of C$8.72.

Insider Buying and Selling at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of C$7.88 per share, with a total value of C$393,845.00. Insiders have purchased 55,708 shares of company stock worth $438,844 over the last three months. Company insiders own 32.92% of the company’s stock.

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.