NewRiver REIT (LON:NRR) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

NewRiver REIT plc (LON:NRR - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 78.84 ($0.98) and traded as low as GBX 72.70 ($0.90). NewRiver REIT shares last traded at GBX 73.20 ($0.91), with a volume of 328,635 shares traded.

Analyst Upgrades and Downgrades

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

NewRiver REIT Stock Down 0.3 %

The company has a market cap of £274.32 million, a price-to-earnings ratio of 7,300.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. 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's fifty day moving average is GBX 77.20 and its two-hundred day moving average is GBX 78.84.

NewRiver REIT Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Thursday, December 19th will be paid a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 3.82%. The ex-dividend date is Thursday, December 19th. NewRiver REIT's payout ratio is 70,000.00%.

Insider Buying and Selling at NewRiver REIT

In other news, insider Will Hobman sold 62,865 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($0.98), for a total value of £49,663.35 ($61,693.60). 7.73% of the stock is owned by corporate 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.