Nexus Industrial REIT (TSE:NXR.UN) Hits New 1-Year Low – Here’s What Happened

Nexus Industrial REIT (TSE:NXR.UN)’s stock price hit 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 changing hands. The stock had previously closed at C$7.37.

Nexus Industrial REIT Price Performance

The firm has a market cap of C$699.10 million, a price-to-earnings ratio of 13.34 and a beta of 1.25. The stock’s 50-day moving average price is C$7.95 and its 200 day moving average price is C$7.90. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT (TSE:NXR.UN) last issued its earnings results on Monday, August 10th. The company reported C($0.18) EPS for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The firm had revenue of C$46.62 million during the quarter. Equities research analysts predict that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

Nexus Industrial REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were given a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date was Friday, July 31st. Nexus Industrial REIT’s dividend payout ratio is presently 118.58%.

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.