Nexus Industrial REIT (TSE:NXR.UN) Announces Earnings Results

Nexus Industrial REIT (TSE:NXR.UN) posted its quarterly earnings data on Monday. The company reported C$0.45 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$46.02 million during the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%.

Nexus Industrial REIT Stock Down 0.4%

Shares of TSE:NXR.UN opened at C$8.06 on Tuesday. The company has a fifty day moving average of C$7.78 and a 200-day moving average of C$7.83. The company has a market capitalization of C$782.51 million, a PE ratio of 13.13 and a beta of 1.38. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. Nexus Industrial REIT has a 52-week low of C$7.01 and a 52-week high of C$8.41.

Nexus Industrial REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, April 30th. Nexus Industrial REIT’s payout ratio is presently 104.27%.

Analysts Set New Price Targets

Separately, Desjardins lowered their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$8.13.

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.