Nexus Industrial REIT (OTCMKTS:EFRTF) Price Target Cut to C$11.00 by Analysts at Royal Bank of Canada

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Rating) had its target price decreased by investment analysts at Royal Bank of Canada from C$11.50 to C$11.00 in a report issued on Thursday, The Fly reports.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group boosted their target price on Nexus Industrial REIT from C$11.75 to C$12.00 in a research note on Wednesday, November 16th. Scotiabank initiated coverage on Nexus Industrial REIT in a research note on Monday, January 30th. They set an “outperform” rating for the company. National Bank Financial decreased their price target on Nexus Industrial REIT from C$11.25 to C$11.00 in a research note on Thursday. Desjardins initiated coverage on Nexus Industrial REIT in a research note on Monday, December 12th. They set a “buy” rating for the company. Finally, Raymond James decreased their price target on Nexus Industrial REIT from C$13.00 to C$12.50 in a research note on Thursday.

Nexus Industrial REIT Stock Performance

Shares of OTCMKTS EFRTF opened at $7.12 on Thursday. The business’s 50-day moving average price is $7.79 and its two-hundred day moving average price is $7.27. Nexus Industrial REIT has a one year low of $6.02 and a one year high of $11.10.

About Nexus Industrial REIT

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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.