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

Nexus Industrial REIT (TSE:NXR.UN) announced its earnings results on Monday. The company reported C($0.18) EPS for the quarter, FiscalAI reports. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The business had revenue of C$46.62 million for the quarter.

Nexus Industrial REIT Trading Down 2.3%

Shares of NXR.UN stock opened at C$7.79 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The stock has a market capitalization of C$756.32 million, a price-to-earnings ratio of 13.13 and a beta of 1.29. Nexus Industrial REIT has a 12-month low of C$7.31 and a 12-month high of C$8.46. The stock’s 50-day moving average price is C$8.11 and its 200-day moving average price is C$7.93.

Nexus Industrial REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 14th will be paid a $0.0533 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 8.2%. Nexus Industrial REIT’s payout ratio is presently 107.86%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial cut their price objective on shares of Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nexus Industrial REIT presently has a consensus rating of “Hold” and a consensus price target of C$8.25.

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.