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

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating restated by research analysts at Shore Capital Group in a research note issued to investors on Tuesday,Digital Look reports.

A number of other equities research analysts also recently weighed in on NRR. Jefferies Financial Group restated a “buy” rating and issued a GBX 96 price target on shares of NewRiver REIT in a research note on Friday, April 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 98 price objective on shares of NewRiver REIT in a research report on Tuesday, June 2nd. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 100 price objective on shares of NewRiver REIT in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Price Performance

Shares of NewRiver REIT stock traded up GBX 0.90 during trading on Tuesday, reaching GBX 74.60. 613,148 shares of the company’s stock were exchanged, compared to its average volume of 2,277,958. The company has a debt-to-equity ratio of 113.05, a quick ratio of 3.00 and a current ratio of 73.44. NewRiver REIT has a 1-year low of GBX 65.70 and a 1-year high of GBX 81.70. The company has a market cap of £321.29 million, a P/E ratio of 10.51, a PEG ratio of -3.14 and a beta of 0.63. The firm’s 50-day moving average price is GBX 75.86 and its 200 day moving average price is GBX 73.58.

NewRiver REIT (LON:NRR) last released its quarterly earnings data on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 earnings per share for the quarter. NewRiver REIT had a return on equity of 6.98% and a net margin of 24.37%.The business had revenue of £131 million for the quarter. As a group, research analysts anticipate that NewRiver REIT will post 7.4795268 earnings per share for the current year.

NewRiver REIT Company Profile

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.