Nexus Real Estate Investment Trust (CVE:NXR.UN) Lowered to “Sector Perform” at National Bankshares
Nexus Real Estate Investment Trust (CVE:NXR.UN – Get Rating) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, BayStreet.CA reports. They presently have a C$10.00 price objective on the stock, down from their previous price objective of C$15.00. National Bankshares’ price objective indicates a potential upside of 378.47% from the stock’s previous close.
A number of other research firms have also issued reports on NXR.UN. Raymond James cut their price target on shares of Nexus Real Estate Investment Trust from C$15.50 to C$14.75 and set a “strong-buy” rating on the stock in a report on Monday, May 16th. Royal Bank of Canada set a C$12.25 price target on shares of Nexus Real Estate Investment Trust and gave the company a “sector perform” rating in a report on Monday.
Nexus Real Estate Investment Trust Stock Down 0.5%
CVE NXR.UN opened at C$2.09 on Wednesday. The company has a debt-to-equity ratio of 121.75, a current ratio of 0.65 and a quick ratio of 0.42. The company’s 50 day simple moving average is C$2.09 and its 200 day simple moving average is C$2.09. Nexus Real Estate Investment Trust has a 12 month low of C$1.09 and a 12 month high of C$2.35. The company has a market capitalization of C$234.68 million and a P/E ratio of 4.33.
Nexus Real Estate Investment Trust Company Profile
(Get Rating)
Nexus Real Estate Investment Trust (the ÂREITÂ) was established under the laws of Ontario pursuant to its declaration of trust, as amended and restated effective April 28, 2014 and November 28, 2017. The REIT is an open-ended real estate investment trust which owns and operates commercial real estate properties in Western Canada, Ontario, Quebec and Atlantic Canada.
Featured Articles
Receive News & Ratings for Nexus Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nexus Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.