TSX:NXR.UN - Post by User
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retiredcfon Apr 18, 2022 7:39am
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Post# 34609268
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Upgrade After institutional investor meetings and a tour of its London portfolio, Desjardins Securities’ Kyle Stanley raised his Nexus Industrial REIT target to $15.25 from $14.50 with a “buy” rating. The average is $14.86.
“Execution on NXR’s deep acquisition pipeline, its enhanced focus on the development/intensification program and improving organic growth profile should drive further multiple re-rating toward industrial peers (NXR trades at 14.5 times estimated 2023 FFO vs peers at 20.7 times), in our view,” he said.