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

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.0533 per share on Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date is Friday, February 28th.

Nexus Industrial REIT Stock Up 1.2 %

Shares of TSE NXR.UN traded up C$0.09 during mid-day trading on Wednesday, reaching C$7.44. The company had a trading volume of 95,113 shares, compared to its average volume of 174,469. The stock has a market capitalization of C$526.31 million, a PE ratio of 3.07 and a beta of 1.51. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15. The stock’s 50 day moving average is C$7.50 and its 200-day moving average is C$8.03. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44.

Insider Transactions at Nexus Industrial REIT

In related news, Director Edwin E. Mclaughlin purchased 50,000 shares of Nexus Industrial REIT stock in a transaction on Monday, December 9th. The shares were purchased at an average price of C$7.88 per share, for a total transaction of C$393,845.00. 32.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NXR.UN has been the topic of several recent analyst reports. Raymond James decreased their price target on Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. CIBC boosted their target price on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$8.72.

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.