NewRiver REIT’s (NRR) “House Stock” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their house stock rating on shares of NewRiver REIT (LON:NRR) in a research report released on Thursday, Marketbeat reports.

NewRiver REIT Price Performance

NRR stock opened at GBX 66.22 ($0.85) on Thursday. NewRiver REIT has a 12 month low of GBX 66 ($0.85) and a 12 month high of GBX 85 ($1.10). The firm has a market capitalization of £315.94 million, a P/E ratio of 68.97, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77. The firm has a 50 day moving average of GBX 72.04 and a 200-day moving average of GBX 76.76.

NewRiver REIT (LON:NRR) last announced its earnings results on Thursday, December 12th. The real estate investment trust reported GBX 2.60 ($0.03) earnings per share (EPS) for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. As a group, sell-side analysts predict that NewRiver REIT will post 7.4795268 earnings per share for the current fiscal year.

NewRiver REIT Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 28th. Shareholders of record on Thursday, December 19th were given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 3.82%. NewRiver REIT’s payout ratio is presently 728.99%.

Insider Buying and Selling at NewRiver REIT

In other NewRiver REIT news, insider Will Hobman sold 62,865 shares of NewRiver REIT stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($1.02), for a total transaction of £49,663.35 ($63,999.16). 7.73% of the stock is currently owned by company insiders.

About NewRiver REIT

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.