Nexus Industrial REIT (TSE:NXR.UN) Reaches New 12-Month Low – Here’s What Happened

Nexus Industrial REIT (TSE:NXR.UNGet Free Report)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$7.27 and last traded at C$7.28, with a volume of 109953 shares traded. The stock had previously closed at C$7.37.

Nexus Industrial REIT Price Performance

The stock has a fifty day moving average price of C$7.95 and a 200-day moving average price of C$7.90. The company has a market cap of C$699.10 million, a PE ratio of 13.34 and a beta of 1.25. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12.

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) last issued its earnings results on Monday, August 10th. The company reported C($0.18) earnings per share for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The business had revenue of C$46.62 million during the quarter. On average, equities analysts expect that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

Nexus Industrial REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were issued a $0.0533 dividend. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 8.9%. Nexus Industrial REIT’s dividend payout ratio is currently 118.58%.

About Nexus Industrial REIT

(Get Free Report)

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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