Berenberg Bank Cuts NewRiver REIT (LON:NRR) Price Target to GBX 98

NewRiver REIT (LON:NRR) had its price objective cut by Berenberg Bank from GBX 128 to GBX 98 in a research report report published on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on NRR. Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a research report on Thursday, December 4th. Jefferies Financial Group boosted their target price on NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 97.67.

NewRiver REIT Stock Down 1.8%

Shares of NRR opened at GBX 72.50 on Tuesday. The stock has a fifty day moving average of GBX 70.12 and a 200-day moving average of GBX 70.95. NewRiver REIT has a 52 week low of GBX 62.90 and a 52 week high of GBX 81.50. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The stock has a market capitalization of £309.82 million, a price-to-earnings ratio of 10.66, a PEG ratio of -3.14 and a beta of 1.10.

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

Insider Buying and Selling

In related news, insider Allan Lockhart sold 168,890 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of GBX 68, for a total value of £114,845.20. 2.53% of the stock is owned by company insiders.

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.