NewRiver REIT plc to Issue Dividend of GBX 3 (LON:NRR)

NewRiver REIT plc (LON:NRR) announced a dividend on Thursday, December 12th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, December 19th will be given a dividend of GBX 3 ($0.04) per share by the real estate investment trust on Tuesday, January 28th. This represents a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, December 19th. The official announcement can be viewed at this link.

NewRiver REIT Stock Down 1.3 %

Shares of NewRiver REIT stock opened at GBX 78.60 ($1.00) on Tuesday. The company’s 50 day moving average price is GBX 78.88 and its 200-day moving average price is GBX 78.63. NewRiver REIT has a 52-week low of GBX 67.50 ($0.86) and a 52-week high of GBX 86 ($1.09). The company has a debt-to-equity ratio of 103.07, a quick ratio of 3.00 and a current ratio of 5.40. The stock has a market capitalization of £295.36 million, a price-to-earnings ratio of 7,960.00, a P/E/G ratio of -3.14 and a beta of 1.10.

Insider Activity

In other news, insider Alastair Miller bought 18,297 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was purchased at an average price of GBX 82 ($1.04) per share, with a total value of £15,003.54 ($19,035.19). Insiders own 7.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of NewRiver REIT in a research note on Thursday, December 12th.

About NewRiver REIT

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.