Nexus Industrial REIT (TSE:NXR.UN – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$7.34 and traded as high as C$7.35. Nexus Industrial REIT shares last traded at C$7.35, with a volume of 305,819 shares changing hands.
Nexus Industrial REIT Price Performance
The firm has a market cap of C$713.68 million, a P/E ratio of 13.55 and a beta of 1.21. The business’s fifty day simple moving average is C$7.34 and its 200-day simple moving average is C$7.79. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95.
Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported C($0.18) EPS for the quarter. The company had revenue of C$46.62 million during the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. As a group, analysts forecast that Nexus Industrial REIT will post 0.78 EPS for the current fiscal year.
Nexus Industrial REIT Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 13th will be issued a dividend of $0.0533 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.64 dividend on an annualized basis and a yield of 8.7%. Nexus Industrial REIT’s dividend payout ratio is 118.00%.
Nexus Industrial REIT Company Profile
Nexus 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 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 73,490,000 REIT Units and approximately 23,607,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.
Recommended Stories
- Five stocks we like better than Nexus Industrial REIT
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Nexus Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexus Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.
