Insider Buying: Nexus Industrial REIT (TSE:NXR.UN) Director Buys 3,548 Shares of Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin purchased 3,548 shares of the company’s stock in a transaction on Friday, June 13th. The shares were bought at an average price of C$7.46 per share, with a total value of C$26,485.11.

Nexus Industrial REIT Stock Up 0.7%

NXR.UN opened at C$7.43 on Tuesday. The firm has a 50 day moving average price of C$7.02 and a 200 day moving average price of C$7.25. The company has a market cap of C$525.60 million, a PE ratio of 3.07 and a beta of 1.51. Nexus Industrial REIT has a 1 year low of C$5.98 and a 1 year high of C$9.15. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend was Wednesday, April 30th. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 26.45%.

Analysts Set New Price Targets

Several research firms have recently commented on NXR.UN. Raymond James raised their price objective on shares of Nexus Industrial REIT from C$8.25 to C$8.50 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. CIBC cut shares of Nexus Industrial REIT from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$8.50 to C$7.50 in a report on Wednesday, June 11th. National Bankshares lifted their target price on shares of Nexus Industrial REIT from C$6.75 to C$7.25 and gave the company a “sector perform” rating in a report on Thursday, May 22nd. Scotiabank boosted their price objective on shares of Nexus Industrial REIT from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 21st. Finally, Desjardins dropped their price objective on shares of Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$8.18.

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.