Liberum Capital Reaffirms Buy Rating for Newriver Reit PLC (NRR)
Liberum Capital reissued their buy rating on shares of Newriver Reit PLC (LON:NRR) in a research report sent to investors on Tuesday. They currently have a GBX 340 ($4.39) target price on the real estate investment trust’s stock.
Other analysts have also issued reports about the stock. HSBC Holdings plc reaffirmed a hold rating and set a GBX 335 ($4.32) price objective on shares of Newriver Reit PLC in a research note on Wednesday, February 15th. Berenberg Bank reaffirmed a buy rating and set a GBX 365 ($4.71) price objective on shares of Newriver Reit PLC in a research note on Thursday, February 9th. Finally, Peel Hunt reissued a buy rating and issued a GBX 345 ($4.45) price target on shares of Newriver Reit PLC in a research report on Wednesday, January 18th.
Shares of Newriver Reit PLC (LON:NRR) opened at 348.00 on Tuesday. The stock’s market capitalization is GBX 814.23 million. The company has a 50-day moving average of GBX 343.26 and a 200-day moving average of GBX 333.49. Newriver Reit PLC has a 12-month low of GBX 269.00 and a 12-month high of GBX 352.50.
The business also recently declared a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, June 15th will be given a GBX 8.25 ($0.11) dividend. This represents a dividend yield of 2.39%. This is a positive change from Newriver Reit PLC’s previous dividend of $5.00. The ex-dividend date of this dividend is Thursday, June 15th.
Newriver Reit PLC Company Profile
NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.
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