Nexus Industrial REIT (TSE:NXR.UN) Given Average Recommendation of “Hold” by Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN) have received a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$8.21.

Separately, Desjardins cut their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating on the stock in a research note on Tuesday.

Nexus Industrial REIT Trading Down 0.4%

Shares of Nexus Industrial REIT stock traded down C$0.03 during trading hours on Tuesday, hitting C$7.62. The company’s stock had a trading volume of 135,591 shares, compared to its average volume of 182,935. The company has a market capitalization of C$739.31 million, a PE ratio of 9.22 and a beta of 1.43. 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 has a 50 day moving average of C$7.95 and a 200 day moving average of C$7.85. Nexus Industrial REIT has a 12 month low of C$5.98 and a 12 month high of C$8.41.

Nexus Industrial REIT (TSE:NXR.UN) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.43 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 business had revenue of C$44.88 million for the quarter. Analysts predict that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

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.