NewRiver REIT’s (NRR) Equal Weight Rating Reaffirmed at Barclays

NewRiver REIT (LON:NRR – Get Rating)‘s stock had its “equal weight” rating restated by analysts at Barclays in a note issued to investors on Friday, MarketBeat reports. They presently have a GBX 80 ($1.00) target price on the real estate investment trust’s stock. Barclays‘s target price would indicate a potential downside of 8.78% from the stock’s current price.

Separately, Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday.

LON:NRR opened at GBX 87.70 ($1.10) on Friday. The company has a quick ratio of 1.05, a current ratio of 1.62 and a debt-to-equity ratio of 93.41. The firm’s fifty day simple moving average is GBX 86.66 and its 200 day simple moving average is GBX 86.39. The stock has a market cap of £270.28 million and a P/E ratio of -2.48. NewRiver REIT has a twelve month low of GBX 70 ($0.87) and a twelve month high of GBX 107.11 ($1.34).

In other NewRiver REIT news, 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 ($1.12) per share, for a total transaction of £19,987.20 ($24,968.39). Also, insider Alastair Miller purchased 32,790 shares of the company’s stock in a transaction dated Friday, February 18th. The stock was bought at an average cost of GBX 91 ($1.14) per share, for a total transaction of £29,838.90 ($37,275.33).

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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