Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) had its price objective raised by analysts at Desjardins from C$8.25 to C$8.75 in a report released on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s price target would suggest a potential upside of 5.17% from the company’s previous close.
Separately, National Bank Financial increased their target price on Nexus Industrial REIT from C$7.75 to C$8.25 and gave the company a “sector perform” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$8.50.
Check Out Our Latest Stock Report on Nexus Industrial REIT
Nexus Industrial REIT Stock Performance
Shares of NXR.UN traded up C$0.35 during trading hours on Monday, reaching C$8.32. 517,323 shares of the company traded hands, compared to its average volume of 194,711. Nexus Industrial REIT has a 12-month low of C$7.01 and a 12-month high of C$8.46. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The stock has a market capitalization of C$807.87 million, a P/E ratio of 15.34 and a beta of 1.13. The business has a fifty day moving average price of C$7.32 and a 200-day moving average price of C$7.78.
Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.33 earnings per share for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. The company had revenue of C$45.74 million for the quarter. Equities analysts anticipate that Nexus Industrial REIT will post 0.78 EPS for the current fiscal 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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