Nexus Industrial REIT (TSE:NXR.UN) Given New C$12.50 Price Target at Raymond James

Nexus Industrial REIT (TSE:NXR.UN – Get Rating) had its target price reduced by equities researchers at Raymond James from C$13.00 to C$12.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective points to a potential upside of 29.94% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Nexus Industrial REIT from C$11.75 to C$11.50 and set a “sector perform” rating for the company in a research note on Friday, December 9th. Scotiabank initiated coverage on shares of Nexus Industrial REIT in a research report on Monday, January 30th. They set a “buy” rating and a C$12.00 target price on the stock. Canaccord Genuity Group raised their target price on shares of Nexus Industrial REIT from C$11.75 to C$12.00 in a research report on Wednesday, November 16th. BMO Capital Markets set a C$11.50 target price on shares of Nexus Industrial REIT and gave the stock a “market perform” rating in a research report on Monday, February 13th. Finally, National Bankshares raised their target price on shares of Nexus Industrial REIT from C$10.75 to C$11.25 and gave the stock a “sector perform” rating in a research report on Monday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$12.03.

Nexus Industrial REIT Trading Down 0.7 %

Shares of NXR.UN opened at C$9.62 on Thursday. The company has a debt-to-equity ratio of 130.50, a current ratio of 0.66 and a quick ratio of 0.12. The firm has a 50 day simple moving average of C$10.53 and a 200-day simple moving average of C$9.86. Nexus Industrial REIT has a 1-year low of C$8.15 and a 1-year high of C$14.03. The stock has a market cap of C$653.20 million, a price-to-earnings ratio of 3.35 and a beta of 1.24.

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.