Nexus Industrial REIT Plans Monthly Dividend of $0.05 (TSE:NXR.UN)

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 14th will be given a dividend of 0.0533 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, July 31st.

Nexus Industrial REIT Stock Performance

Shares of TSE NXR.UN opened at C$8.40 on Wednesday. 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 50-day moving average price is C$8.09 and its two-hundred day moving average price is C$7.94. Nexus Industrial REIT has a 52-week low of C$7.31 and a 52-week high of C$8.46. The stock has a market capitalization of C$815.55 million, a P/E ratio of 14.16 and a beta of 1.28.

Nexus Industrial REIT (TSE:NXR.UN) last released its quarterly earnings data on Monday, May 11th. The company reported C$0.45 earnings per share (EPS) 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$46.02 million during the quarter. As a group, sell-side analysts forecast 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.