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

NewRiver REIT (LON:NRRGet Rating)‘s stock had its “house stock” rating reissued by investment analysts at Shore Capital in a research report issued to clients and investors on Thursday, MarketBeat.com reports.

Separately, Barclays restated an “equal weight” rating and set a GBX 80 ($1.04) price target on shares of NewRiver REIT in a research report on Tuesday.

Shares of LON:NRR opened at GBX 94.57 ($1.23) on Thursday. NewRiver REIT has a fifty-two week low of GBX 70 ($0.91) and a fifty-two week high of GBX 107.11 ($1.39). The company has a market cap of £291.45 million and a PE ratio of -2.67. The company’s 50-day moving average price is GBX 86.49 and its 200 day moving average price is GBX 85.80. The company has a quick ratio of 1.05, a current ratio of 1.62 and a debt-to-equity ratio of 93.41.

In other NewRiver REIT news, insider Will Hobman bought 22,208 shares of the company’s stock in a transaction that occurred on Thursday, February 10th. The shares were acquired at an average cost of GBX 90 ($1.17) per share, for a total transaction of £19,987.20 ($26,004.68). Also, insider Alastair Miller bought 32,790 shares of the company’s stock in a transaction that occurred on Friday, February 18th. The stock was acquired at an average price of GBX 91 ($1.18) per share, for a total transaction of £29,838.90 ($38,822.40).

About NewRiver REIT (Get Rating)

NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK. Our £1.1 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 24 conveniently located retail parks and 700 community pubs.

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