Newriver Reit PLC’s (NRR) Buy Rating Reaffirmed at Liberum Capital
Newriver Reit PLC (LON:NRR)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a research note issued on Tuesday, May 16th. They currently have a GBX 340 ($4.30) price target on the real estate investment trust’s stock. Liberum Capital’s target price points to a potential downside of 3.68% from the stock’s current price.
A number of other research analysts have also weighed in on NRR. Peel Hunt reaffirmed a “buy” rating and issued a GBX 345 ($4.36) price target on shares of Newriver Reit PLC in a research note on Wednesday, January 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 365 ($4.62) price objective on shares of Newriver Reit PLC in a research report on Thursday, February 9th. Finally, HSBC Holdings plc reissued a “hold” rating and issued a GBX 335 ($4.24) price objective on shares of Newriver Reit PLC in a research report on Wednesday, February 15th.
Shares of Newriver Reit PLC (LON NRR) traded up 0.569801% on Tuesday, hitting GBX 346.930725. The company had a trading volume of 2,189,992 shares. The stock’s market cap is GBX 811.73 million. The company has a 50-day moving average of GBX 350.05 and a 200 day moving average of GBX 338.68. Newriver Reit PLC has a 12 month low of GBX 269.00 and a 12 month high of GBX 374.50.
The firm also recently declared a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 15th will be paid a GBX 8.25 ($0.10) dividend. The ex-dividend date is Thursday, June 15th. This is an increase from Newriver Reit PLC’s previous dividend of $5.00. This represents a dividend yield of 2.39%.
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About Newriver Reit PLC
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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