Nexus Industrial REIT (TSE:NXR.UN) Hits New 1-Year High – What’s Next?

Nexus Industrial REIT (TSE:NXR.UN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.30 and last traded at C$8.29, with a volume of 117956 shares. The stock had previously closed at C$8.22.

Analysts Set New Price Targets

Separately, Desjardins lifted their price target on shares of Nexus Industrial REIT from C$8.75 to C$9.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nexus Industrial REIT currently has a consensus rating of “Hold” and a consensus target price of C$8.29.

Nexus Industrial REIT Stock Performance

The stock has a market capitalization of C$814.01 million, a PE ratio of 10.15 and a beta of 1.54. The business’s fifty day moving average price is C$7.78 and its 200-day moving average price is C$7.80. 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 (TSE:NXR.UN) last announced its earnings results on Thursday, November 13th. The company reported C$0.04 earnings per share for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%.The business had revenue of C$43.30 million for the quarter. As a group, equities research analysts expect that Nexus Industrial REIT will post 0.7800905 EPS for the current year.

Nexus Industrial REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 14th were given a $0.0533 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Friday, October 31st. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 77.46%.

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.