Shore Capital reaffirmed their house stock rating on shares of NewRiver REIT (LON:NRR - Free Report) in a report released on Thursday morning, MarketBeat Ratings reports.
NewRiver REIT Price Performance
Shares of LON NRR traded down GBX 0.19 ($0.00) on Thursday, hitting GBX 67.40 ($0.87). The company's stock had a trading volume of 813,258 shares, compared to its average volume of 1,135,275. The stock has a 50 day moving average of GBX 71.53 and a 200-day moving average of GBX 76.42. The company has a market capitalization of £321.55 million, a price-to-earnings ratio of 70.19, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. NewRiver REIT has a 12-month low of GBX 66 ($0.85) and a 12-month high of GBX 85 ($1.09). The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00.
NewRiver REIT (LON:NRR - Get Free Report) last posted 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 return on equity of 0.78% and a net margin of 4.16%. As a group, research analysts predict that NewRiver REIT will post 7.4795268 EPS for the current year.
NewRiver REIT Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, January 28th. Shareholders of record on Thursday, December 19th were issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 3.82%. NewRiver REIT's dividend payout ratio (DPR) is 728.99%.
Insider Transactions at NewRiver REIT
In other NewRiver REIT news, insider Will Hobman sold 62,865 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($1.02), for a total transaction of £49,663.35 ($63,941.48). Insiders own 7.73% of the company's stock.
NewRiver REIT Company Profile
(
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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.
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