Nexus Industrial REIT (TSE:NXR.UN) to Issue Monthly Dividend of $0.05

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0533 per share on Wednesday, January 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date is Tuesday, December 31st.

Nexus Industrial REIT Stock Performance

Shares of NXR.UN opened at C$7.69 on Thursday. The stock has a 50-day moving average of C$8.00 and a 200-day moving average of C$7.97. Nexus Industrial REIT has a one year low of C$6.47 and a one year high of C$9.15. The company has a market cap of C$543.99 million, a PE ratio of 3.18 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12.

Analyst Upgrades and Downgrades

NXR.UN has been the topic of several research reports. CIBC boosted their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. BMO Capital Markets increased their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. Finally, Raymond James boosted their price target on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$8.92.

Insider Activity at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price of C$7.88 per share, for a total transaction of C$393,845.00. Insiders have acquired a total of 114,672 shares of company stock valued at $955,129 over the last 90 days. 32.92% of the stock is owned by corporate insiders.

Nexus Industrial REIT Company Profile

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.