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Nexus Real Estate Investment (EFRTF) Receives a Buy from Echelon Wealth Partners

In a report released today, David Chrystal from Echelon Wealth Partners maintained a Buy rating on Nexus Real Estate Investment (EFRTFResearch Report), with a price target of C$13.50. The company’s shares closed yesterday at $8.23.

According to TipRanks, Chrystal is ranked #7300 out of 7967 analysts.

Currently, the analyst consensus on Nexus Real Estate Investment is a Moderate Buy with an average price target of $10.18.

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Based on Nexus Real Estate Investment’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $31.7 million and a net profit of $18.06 million. In comparison, last year the company earned a revenue of $16.59 million and had a net profit of $10.21 million

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Nexus Real Estate Investment Trust 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.

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