Nexus Industrial REIT (TSE:NXR.UN) Sets New 1-Year Low – What’s Next?

Shares of Nexus Industrial REIT (TSE:NXR.UN) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$7.18 and last traded at C$7.18, with a volume of 220236 shares. The stock had previously closed at C$7.33.

Nexus Industrial REIT Trading Down 1.5%

The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The company’s 50 day moving average is C$7.83 and its 200 day moving average is C$7.87. The stock has a market capitalization of C$701.04 million, a price-to-earnings ratio of 13.31 and a beta of 1.25.

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

Nexus Industrial REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were paid a dividend of $0.0533 per share. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date was Friday, July 31st. Nexus Industrial REIT’s payout ratio is currently 118.00%.

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.