Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) had its price target boosted by analysts at Raymond James Financial from C$8.25 to C$9.00 in a report issued on Tuesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s price objective would suggest a potential upside of 9.62% from the stock’s previous close.
Several other research firms also recently issued reports on NXR.UN. National Bank Financial increased their target price on Nexus Industrial REIT from C$7.75 to C$8.25 and gave the stock a “sector perform” rating in a research report on Monday. Desjardins lifted their price target on Nexus Industrial REIT from C$8.25 to C$8.75 and gave the company a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$8.67.
View Our Latest Research Report on NXR.UN
Nexus Industrial REIT Stock Performance
Shares of NXR.UN stock traded down C$0.16 during trading on Tuesday, reaching C$8.21. 255,897 shares of the company’s stock traded hands, compared to its average volume of 196,494. The company has a market capitalization of C$797.19 million, a P/E ratio of 15.14 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The firm’s 50-day moving average is C$7.33 and its 200 day moving average is C$7.78. Nexus Industrial REIT has a 1 year low of C$7.01 and a 1 year high of C$8.46.
Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) last released its quarterly earnings data on Friday, November 6th. The company reported C$0.33 EPS for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The company had revenue of C$45.74 million during the quarter. Equities research analysts expect that Nexus Industrial REIT will post 0.78 EPS for the current year.
About Nexus Industrial REIT
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.
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