Nexus Industrial REIT (OTCMKTS:EFRTF) Shares Up 1.2%

Nexus Industrial REIT (OTCMKTS:EFRTFGet Free Report)’s share price traded up 1.2% on Thursday . The company traded as high as $5.15 and last traded at $5.15. 10,000 shares were traded during mid-day trading, an increase of 167% from the average session volume of 3,749 shares. The stock had previously closed at $5.09.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price objective on shares of Nexus Industrial REIT from $9.00 to $8.50 and set a “sector perform” rating for the company in a research report on Monday, March 18th.

Get Our Latest Stock Analysis on EFRTF

Nexus Industrial REIT Stock Performance

The firm’s 50-day moving average is $5.55 and its two-hundred day moving average is $5.55.

About Nexus Industrial REIT

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Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area.

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