Nexus Industrial REIT (TSE:NXR.UN) Given New C$11.00 Price Target at Royal Bank of Canada

Nexus Industrial REIT (TSE:NXR.UN – Get Rating) had its target price lowered by analysts at Royal Bank of Canada from C$11.50 to C$11.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 14.35% from the stock’s previous close.

NXR.UN has been the subject of a number of other reports. Raymond James lowered their price target on Nexus Industrial REIT from C$13.00 to C$12.50 and set a “strong-buy” rating for the company in a research report on Thursday. National Bankshares increased their price target on Nexus Industrial REIT from C$10.75 to C$11.25 and gave the company a “sector perform” rating in a research report on Monday, January 30th. Canaccord Genuity Group raised their target price on Nexus Industrial REIT from C$11.75 to C$12.00 in a research report on Wednesday, November 16th. Desjardins initiated coverage on Nexus Industrial REIT in a research report on Monday, December 12th. They set a “buy” rating and a C$12.75 target price for the company. Finally, Scotiabank initiated coverage on Nexus Industrial REIT in a research report on Monday, January 30th. They set a “buy” rating and a C$12.00 target price for the company. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$12.03.

Nexus Industrial REIT Trading Down 0.7 %

TSE NXR.UN opened at C$9.62 on Thursday. The firm has a market capitalization of C$653.20 million, a P/E ratio of 3.35 and a beta of 1.24. The business has a fifty day simple moving average of C$10.53 and a 200 day simple moving average of C$9.86. Nexus Industrial REIT has a 12 month low of C$8.15 and a 12 month high of C$14.03. The company has a current ratio of 0.66, a quick ratio of 0.12 and a debt-to-equity ratio of 130.50.

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.