Nexus Industrial REIT (TSE:NXR.UN – Free Report) had its price target increased by Raymond James from C$9.25 to C$9.50 in a research note issued to investors on Friday, BayStreet.CA reports.
NXR.UN has been the subject of a number of other research reports. Scotiabank upped their target price on Nexus Industrial REIT from C$8.50 to C$9.00 and gave the company an outperform rating in a report on Friday, August 16th. Royal Bank of Canada lifted their target price on shares of Nexus Industrial REIT from C$8.00 to C$8.50 in a research note on Friday, August 16th. National Bankshares raised shares of Nexus Industrial REIT from a sector perform rating to an outperform rating and increased their price target for the stock from C$7.50 to C$8.00 in a research note on Thursday, July 18th. CIBC cut their price objective on Nexus Industrial REIT from C$9.75 to C$9.00 and set an outperform rating on the stock in a research report on Thursday, May 16th. Finally, Desjardins increased their target price on Nexus Industrial REIT from C$8.75 to C$9.25 and gave the stock a buy rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$8.81.
View Our Latest Stock Analysis on Nexus Industrial REIT
Nexus Industrial REIT Stock Performance
Nexus Industrial REIT Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.0533 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 7.59%. Nexus Industrial REIT’s payout ratio is presently 26.89%.
Insider Buying and Selling
In other news, Director Edwin E. Mclaughlin bought 100,000 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of C$6.80 per share, for a total transaction of C$679,850.00. In related news, Director Edwin E. Mclaughlin purchased 53,000 shares of Nexus Industrial REIT stock in a transaction dated Thursday, August 29th. The stock was purchased at an average cost of C$8.45 per share, for a total transaction of C$448,024.90. Also, Director Edwin E. Mclaughlin acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average price of C$6.80 per share, for a total transaction of C$679,850.00. Insiders have bought a total of 153,660 shares of company stock worth $1,132,449 in the last quarter. Corporate insiders own 32.92% of the company’s stock.
About Nexus Industrial REIT
Nexus 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 located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.
Recommended Stories
- Five stocks we like better than Nexus Industrial REIT
- The How and Why of Investing in Gold Stocks
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
- What is the Euro STOXX 50 Index?
- Cloud Security Stocks Face Off: Find Out Who’s Leading the Market
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Defensive Sectors: Shielding Your Portfolio in Volatile Times
Receive News & Ratings for Nexus Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexus Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.