Nexus Industrial REIT (TSE:NXR.UN) Price Target Cut to C$7.50 by Analysts at National Bankshares

Nexus Industrial REIT (TSE:NXR.UN) had its price target lowered by equities research analysts at National Bankshares from C$8.50 to C$7.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 5.04% from the company’s current price.

A number of other brokerages also recently weighed in on NXR.UN. Laurentian set a C$10.00 target price on shares of Nexus Industrial REIT and gave the company a “buy” rating in a research note on Monday, January 22nd. TD Securities reduced their price objective on Nexus Industrial REIT from C$8.00 to C$7.50 in a research report on Wednesday. BMO Capital Markets lowered their price objective on Nexus Industrial REIT from C$8.50 to C$8.00 in a research note on Monday, March 25th. Raymond James increased their target price on Nexus Industrial REIT from C$9.25 to C$9.75 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Finally, Royal Bank of Canada lowered their price target on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a research report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Nexus Industrial REIT currently has an average rating of “Hold” and a consensus price target of C$8.61.

Nexus Industrial REIT Stock Down 2.1 %

Shares of Nexus Industrial REIT stock traded down C$0.15 during trading on Wednesday, hitting C$7.14. The company’s stock had a trading volume of 29,266 shares, compared to its average volume of 149,390. Nexus Industrial REIT has a 52 week low of C$6.08 and a 52 week high of C$9.97. The company has a debt-to-equity ratio of 139.77, a quick ratio of 0.12 and a current ratio of 0.36. The company has a fifty day simple moving average of C$7.60 and a two-hundred day simple moving average of C$7.59. The company has a market capitalization of C$490.95 million, a PE ratio of 3.06 and a beta of 1.45.

Nexus Industrial REIT Company Profile

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.