Nexus Industrial REIT (OTCMKTS:EFRTF) Price Target Cut to C$12.50

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Rating) had its price objective reduced by analysts at Raymond James from C$13.00 to C$12.50 in a research report issued on Thursday, The Fly reports.

A number of other research firms have also recently commented on EFRTF. BMO Capital Markets initiated coverage on Nexus Industrial REIT in a report on Monday, February 13th. They set a “market perform” rating for the company. Desjardins initiated coverage on Nexus Industrial REIT in a report on Monday, December 12th. They set a “buy” rating for the company. Canaccord Genuity Group lifted their price target on Nexus Industrial REIT from C$11.75 to C$12.00 in a report on Wednesday, November 16th. Scotiabank initiated coverage on Nexus Industrial REIT in a report on Monday, January 30th. They set an “outperform” rating for the company. Finally, Royal Bank of Canada reduced their price target on Nexus Industrial REIT from C$11.75 to C$11.50 in a report on Friday, December 9th.

Nexus Industrial REIT Stock Performance

Shares of OTCMKTS EFRTF opened at $7.12 on Thursday. The business has a 50-day moving average of $7.79 and a 200-day moving average of $7.27. Nexus Industrial REIT has a fifty-two week low of $6.02 and a fifty-two week high of $11.10.

Nexus Industrial REIT Company Profile

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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.