Shares of Nexus Industrial REIT (OTCMKTS:EFRTF – Get Free Report) dropped 1.3% on Tuesday . The company traded as low as $4.95 and last traded at $5.23. 10,356 shares were traded during trading, a decline of 80% from the average session volume of 51,245 shares. The stock had previously closed at $5.30.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Scotiabank reissued a “sector perform” rating on shares of Nexus Industrial REIT in a report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Nexus Industrial REIT in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Stock Report on Nexus Industrial REIT
Nexus Industrial REIT Stock Down 1.3%
Nexus Industrial REIT Company Profile
Nexus Industrial REIT is an unincorporated, closed-end real estate investment trust that focuses on the acquisition, development and management of industrial properties across North America. Its portfolio comprises single-tenant and multi-tenant distribution centres, manufacturing facilities and flex-industrial assets that serve a broad range of sectors including e-commerce, third-party logistics, consumer goods and light manufacturing. Long-term, triple-net leases form the backbone of its cash flow, aligning tenant responsibilities with property operating expenses and maintenance.
Since its establishment in 2018 and subsequent public listing, Nexus Industrial REIT has expanded into key Canadian markets—Ontario, Quebec, British Columbia and Alberta—as well as select U.S.
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