NewRiver REIT plc (LON:NRR) Insider Sells £49,663.35 in Stock

NewRiver REIT plc (LON:NRR - Get Free Report) insider Will Hobman sold 62,865 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($1.00), for a total transaction of £49,663.35 ($63,136.73).

NewRiver REIT Price Performance

Shares of NRR stock traded down GBX 0.70 ($0.01) on Wednesday, reaching GBX 78 ($0.99). The company's stock had a trading volume of 851,000 shares, compared to its average volume of 529,943. The stock's fifty day simple moving average is GBX 78.83 and its 200-day simple moving average is GBX 78.68. NewRiver REIT plc has a 1 year low of GBX 67.50 ($0.86) and a 1 year high of GBX 86 ($1.09). The company has a market capitalization of £293.11 million, a price-to-earnings ratio of 7,800.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The company has a current ratio of 5.40, a quick ratio of 3.00 and a debt-to-equity ratio of 103.07.

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 issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 3.82%. NewRiver REIT's dividend payout ratio (DPR) is presently 70,000.00%.

Wall Street Analyst Weigh In

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

NewRiver REIT Company Profile

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.