TSX:NXR.UN - Post Discussion
Post by
retiredcf on Aug 15, 2023 10:44am
More Targets
RBC’s Jimmy Shan lowered his Nexus Industrial REIT target to $10.50 from $11 with a “sector perform” rating. Other changes include: Echelon Partners’ David Chrystal to $11.50 from $12 with a “buy” rating, Scotia Capital’s Himanshu Gupta to $11 from $11.50 with a “sector outperform” rating, Desjardins Securities’ Kyle Stanley to $11 from $12 with a “buy” rating and iA Capital Markets’ Gaurav Mathur to $13 from $14 with a “strong buy” rating. The average is $11.43.
“The REIT has a long growth runway with rental rate increases that are much higher than its publicly listed peer set in the Canadian industrial sector,” said Mr. Mathur. “At current levels, the Stock Provides an Opportunity to Generate Alpha. From a valuation perspective, we have trimmed our NOI, FFO/unit, and AFFO/unit estimates which incorporate the slowdown in acquisitions and focus on debt repayments.”
Be the first to comment on this post