Nexus Industrial REIT (NXR.UN) To Go Ex-Dividend on February 28th

Nexus Industrial REIT (TSE:NXR.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0533 per share on Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Friday, February 28th.

Nexus Industrial REIT Trading Up 1.0 %

NXR.UN traded up C$0.07 during mid-day trading on Wednesday, hitting C$7.42. The stock had a trading volume of 116,513 shares, compared to its average volume of 174,834. The firm has a market capitalization of C$524.89 million, a price-to-earnings ratio of 3.07 and a beta of 1.51. Nexus Industrial REIT has a 1-year low of C$6.47 and a 1-year high of C$9.15. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The stock’s fifty day simple moving average is C$7.50 and its 200-day simple moving average is C$8.03.

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 on Monday, December 9th. The stock was acquired at an average price of C$7.88 per share, for a total transaction of C$393,845.00. 32.92% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NXR.UN has been the topic of a number of recent research reports. Raymond James lowered their target price on Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. CIBC upped their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nexus Industrial REIT currently has an average rating of “Moderate Buy” and an average price target of C$8.72.

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.