Desjardins Cuts Nexus Industrial REIT (TSE:NXR.UN) Price Target to C$8.50

Nexus Industrial REIT (TSE:NXR.UN) had its price target dropped by stock analysts at Desjardins from C$9.00 to C$8.50 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 11.11% from the stock’s previous close.

Nexus Industrial REIT Price Performance

NXR.UN stock remained flat at C$7.65 during midday trading on Tuesday. The company’s stock had a trading volume of 105,536 shares, compared to its average volume of 182,514. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm’s fifty day simple moving average is C$7.95 and its 200 day simple moving average is C$7.85. The company has a market cap of C$742.22 million, a PE ratio of 9.26 and a beta of 1.43. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$8.41.

Nexus Industrial REIT (TSE:NXR.UN) last announced its earnings results on Thursday, March 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The business had revenue of C$44.88 million during the quarter. Equities research analysts forecast that Nexus Industrial REIT will post 0.7800905 EPS for the current year.

About Nexus Industrial REIT

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.