NewRiver REIT (LON:NRR) Shares Cross Below 200 Day Moving Average - Here's What Happened

NewRiver REIT plc (LON:NRR - Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 78.25 ($0.97) and traded as low as GBX 70.30 ($0.87). NewRiver REIT shares last traded at GBX 71.60 ($0.89), with a volume of 404,426 shares.

Analyst Upgrades and Downgrades

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

NewRiver REIT Stock Up 2.6 %

The company has a market capitalization of £287.10 million, a price-to-earnings ratio of 7,640.00, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a quick ratio of 3.00, a current ratio of 5.40 and a debt-to-equity ratio of 103.07. The business has a fifty day simple moving average of GBX 74.66 and a two-hundred day simple moving average of GBX 78.18.

NewRiver REIT (LON:NRR - Get Free Report) last posted its quarterly 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 0.81% and a net margin of 4.56%. Equities analysts expect that NewRiver REIT plc will post 7.4795268 EPS for the current year.

NewRiver REIT Cuts Dividend

The firm also recently declared 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 was Thursday, December 19th. This represents a yield of 3.82%. NewRiver REIT's dividend payout ratio (DPR) is presently 70,000.00%.

Insiders Place Their Bets

In other NewRiver REIT news, insider Will Hobman sold 62,865 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.98), for a total value of £49,663.35 ($61,678.28). Company insiders own 7.73% of the company's stock.

NewRiver REIT Company Profile

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.