Raymond James Cuts Nexus Industrial REIT (OTCMKTS:EFRTF) Price Target to C$12.00

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Rating) had its target price cut by equities researchers at Raymond James from C$12.50 to C$12.00 in a report issued on Friday, The Fly reports.

Several other brokerages have also issued reports on EFRTF. Scotiabank dropped their price target on Nexus Industrial REIT from C$12.00 to C$11.50 in a research note on Friday, March 17th. Royal Bank of Canada dropped their price target on Nexus Industrial REIT from C$11.50 to C$11.00 in a research note on Thursday, March 16th. BMO Capital Markets dropped their price target on Nexus Industrial REIT from C$11.50 to C$11.00 in a research note on Monday, March 20th. Finally, National Bank Financial boosted their price target on Nexus Industrial REIT from C$11.00 to C$11.25 in a research note on Tuesday, April 18th.

Nexus Industrial REIT Price Performance

Shares of EFRTF opened at $7.05 on Friday. Nexus Industrial REIT has a 52-week low of $6.02 and a 52-week high of $9.29. The business’s 50 day moving average price is $7.09 and its two-hundred day moving average price is $7.37.

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.