NewRiver REIT (LON:NRR) Receives “House Stock” Rating from Shore Capital

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating reissued by investment analysts at Shore Capital in a report issued on Wednesday, MarketBeat.com reports.

Other research analysts have also recently issued research reports about the stock. Panmure Gordon reiterated a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a report on Tuesday, December 2nd. Berenberg Bank lowered their price target on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group upped their target price on NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 97.67.

NewRiver REIT Stock Up 3.3%

NRR traded up GBX 2.30 during midday trading on Wednesday, reaching GBX 72.60. The company’s stock had a trading volume of 1,012,467 shares, compared to its average volume of 1,134,948. The firm has a market capitalization of £310.25 million, a price-to-earnings ratio of 10.68, a PEG ratio of -3.14 and a beta of 1.10. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77. The stock’s 50-day moving average is GBX 69.92 and its 200-day moving average is GBX 70.92. NewRiver REIT has a 1 year low of GBX 62.90 and a 1 year high of GBX 81.50.

NewRiver REIT (LON:NRR) last issued its quarterly earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 earnings per share for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. As a group, research analysts expect that NewRiver REIT will post 7.4795268 EPS for the current year.

Insiders Place Their Bets

In other NewRiver REIT news, insider Allan Lockhart sold 168,890 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of GBX 68, for a total transaction of £114,845.20. Company insiders own 2.53% of the company’s stock.

About NewRiver REIT

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.