Raymond James Lowers Nexus Industrial REIT (TSE:NXR.UN) Price Target to C$8.50

Posted by Brenda Bartman on Mar 14th, 2025

Nexus Industrial REIT (TSE:NXR.UN – Free Report) had its target price cut by Raymond James from C$9.00 to C$8.50 in a research note released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently weighed in on NXR.UN. Royal Bank of Canada dropped their price target on Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating on the stock in a research note on Tuesday. CIBC lifted their price target on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$8.63.

Check Out Our Latest Report on Nexus Industrial REIT

Nexus Industrial REIT Price Performance

Shares of Nexus Industrial REIT stock opened at C$6.95 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The company’s 50-day moving average price is C$7.40 and its two-hundred day moving average price is C$7.99. Nexus Industrial REIT has a 52 week low of C$6.47 and a 52 week high of C$9.15. The stock has a market cap of C$491.64 million, a PE ratio of 2.87 and a beta of 1.51.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0533 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 9.20%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 26.45%.

Nexus Industrial REIT Company Profile

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Nexus Industrial REIT 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.