Shares of NewRiver REIT plc (LON:NRR - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 78.80 ($0.96) and traded as low as GBX 69.60 ($0.85). NewRiver REIT shares last traded at GBX 69.60 ($0.85), with a volume of 1,089,834 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Shore Capital restated a "house stock" rating on shares of NewRiver REIT in a report on Thursday, December 12th.
Check Out Our Latest Report on NRR
NewRiver REIT Stock Down 1.1 %
The firm's 50 day moving average is GBX 76.35 and its 200-day moving average is GBX 78.79. The firm has a market cap of £261.54 million, a PE ratio of 6,960.00, 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.
NewRiver REIT Cuts Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, January 28th. Shareholders 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 of this dividend is Thursday, December 19th. NewRiver REIT's dividend payout ratio is presently 70,000.00%.
Insider Activity
In related news, insider Will Hobman sold 62,865 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.96), for a total value of £49,663.35 ($60,639.01). Company insiders own 7.73% of the company's stock.
About NewRiver REIT
(
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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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