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

Nexus Industrial REIT (TSE:NXR.UN) announced 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 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend is Friday, January 31st.

Nexus Industrial REIT Trading Down 0.3 %

Shares of NXR.UN opened at C$7.59 on Wednesday. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15. The stock has a market cap of C$536.92 million, a PE ratio of 3.14 and a beta of 1.51. The stock’s 50-day moving average is C$7.73 and its two-hundred day moving average is C$8.07.

Insider Activity

In related news, Director Edwin E. Mclaughlin bought 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of C$7.88 per share, with a total value of C$393,845.00. In the last ninety days, insiders bought 55,708 shares of company stock worth $438,844. 32.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NXR.UN has been the subject of a number of recent analyst reports. CIBC raised their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Raymond James cut their price target on Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets raised their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$8.72.

About Nexus Industrial REIT

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.