Newriver Reit PLC (NRR) Declares Dividend of GBX 5.25
Newriver Reit PLC (LON:NRR) announced a dividend on Wednesday, September 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 19th will be given a dividend of GBX 5.25 ($0.07) per share by the real estate investment trust on Friday, November 17th. This represents a yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 19th. The official announcement can be accessed at this link.
Shares of Newriver Reit PLC (NRR) opened at 343.10 on Friday. Newriver Reit PLC has a 52-week low of GBX 300.00 and a 52-week high of GBX 374.50. The firm has a 50-day moving average of GBX 345.89 and a 200-day moving average of GBX 346.61. The company’s market cap is GBX 802.77 million.
NRR has been the topic of a number of research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 370 ($4.86) price objective on shares of Newriver Reit PLC in a research note on Thursday, September 7th. Peel Hunt reiterated a “buy” rating and issued a GBX 365 ($4.80) price objective on shares of Newriver Reit PLC in a research note on Monday, August 14th. Finally, Berenberg Bank raised their price target on shares of Newriver Reit PLC from GBX 375 ($4.93) to GBX 380 ($5.00) and gave the company a “buy” rating in a research report on Thursday, August 3rd.
In related news, insider David Lockhart sold 524,931 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of GBX 338 ($4.44), for a total transaction of £1,774,266.78 ($2,332,719.93). Also, insider Mark Davies sold 133,390 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of GBX 359 ($4.72), for a total transaction of £478,870.10 ($629,595.19). In the last 90 days, insiders have sold 712,067 shares of company stock worth $243,909,804.
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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