NewRiver Retail Limited (LON:NRR) had its price target cut by research analysts at Liberum Capital from GBX 400 ($5.79) to GBX 390 ($5.64) in a note issued to investors on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Liberum Capital’s price objective points to a potential upside of 20.93% from the company’s current price.
In related news, insider Miller,A acquired 30,000 shares of the business’s stock in a transaction on Wednesday, March 30th. The stock was acquired at an average cost of GBX 330 ($4.77) per share, with a total value of £99,000 ($143,249.89).
Separately, Peel Hunt reissued a “buy” rating and issued a GBX 360 ($5.21) target price on shares of NewRiver Retail Limited in a report on Wednesday.
The business also recently disclosed a dividend, which will be paid on Friday, August 19th. Shareholders of record on Thursday, July 21st will be issued a dividend of GBX 5 ($0.07) per share. This represents a yield of 1.55%. This is an increase from NewRiver Retail Limited’s previous dividend of $4.75. The ex-dividend date of this dividend is Thursday, July 21st.
NewRiver Retail Limited is a real estate investment trust (REIT) and asset management company focused on the United Kingdom retail with a particular focus on food and value retailing. The Company’s portfolio consists of 29 shopping centers, nine retail warehouses, 19 high streets assets and 202 public houses principally for retail conversion.
