NewRiver REIT (LON:NRR) Reaches New 1-Year High – Here’s What Happened

Shares of NewRiver REIT plc (LON:NRRGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 84 and last traded at GBX 82.90, with a volume of 357882 shares traded. The stock had previously closed at GBX 82.80.

Wall Street Analyst Weigh In

Several research firms recently commented on NRR. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 92 price objective on shares of NewRiver REIT in a research report on Wednesday. Berenberg Bank reissued a “buy” rating and issued a GBX 98 price target on shares of NewRiver REIT in a research note on Tuesday, June 2nd. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a report on Tuesday. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 100 price objective on shares of NewRiver REIT in a research report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 96.67.

Read Our Latest Research Report on NRR

NewRiver REIT Stock Down 1.6%

The company has a quick ratio of 3.00, a current ratio of 73.44 and a debt-to-equity ratio of 113.05. The company has a market capitalization of £351.43 million, a price-to-earnings ratio of 11.49, a P/E/G ratio of -3.14 and a beta of 0.62. The stock’s fifty day moving average price is GBX 78.60 and its 200-day moving average price is GBX 75.61.

NewRiver REIT (LON:NRRGet Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 EPS for the quarter. NewRiver REIT had a net margin of 24.37% and a return on equity of 6.98%. The business had revenue of £131 million for the quarter. On average, sell-side analysts predict that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal year.

NewRiver REIT Company Profile

(Get Free Report)

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.

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