Nexus Industrial REIT (TSE:NXR.UN) Reaches New 12-Month Low – Time to Sell?

Nexus Industrial REIT (TSE:NXR.UN)’s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as C$7.15 and last traded at C$7.16, with a volume of 38285 shares trading hands. The stock had previously closed at C$7.25.

Nexus Industrial REIT Trading Down 1.0%

The stock has a market cap of C$697.16 million, a P/E ratio of 13.24 and a beta of 1.25. 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 stock’s fifty day moving average is C$7.72 and its 200 day moving average is C$7.86.

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

Nexus Industrial REIT Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.9%. Nexus Industrial REIT’s dividend payout ratio is presently 118.00%.

Nexus Industrial REIT Company Profile

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.