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

Shore Capital reissued their house stock rating on shares of NewRiver REIT (LON:NRRGet Rating) in a research report sent to investors on Thursday morning, MarketBeat reports.

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

LON:NRR opened at GBX 94.57 ($1.23) on Thursday. The stock has a market cap of £291.45 million and a P/E ratio of -2.67. NewRiver REIT has a one year low of GBX 70 ($0.91) and a one year high of GBX 107.11 ($1.39). The company has a fifty day moving average price of GBX 86.49 and a 200 day moving average price of GBX 85.80. The company has a debt-to-equity ratio of 93.41, a current ratio of 1.62 and a quick ratio of 1.05.

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

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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