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

Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) announced a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.0533 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Tuesday, June 30th.

Nexus Industrial REIT Stock Down 0.1%

Shares of NXR.UN stock opened at C$8.06 on Friday. The company’s fifty day simple moving average is C$7.98 and its two-hundred day simple moving average is C$7.88. Nexus Industrial REIT has a 52 week low of C$7.31 and a 52 week high of C$8.41. The stock has a market cap of C$782.54 million, a P/E ratio of 13.58 and a beta of 1.29. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.

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Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$46.02 million during the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. Analysts predict that Nexus Industrial REIT will post 0.7800905 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NXR.UN. National Bank Financial cut their price target on Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. Desjardins decreased their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating on the stock in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$8.25.

Read Our Latest Stock Analysis on NXR.UN

Nexus Industrial REIT Company Profile

(Get Free Report)

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.

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