NewRiver REIT (LON:NRR) Shares Pass Below 200-Day Moving Average – What’s Next?

NewRiver REIT plc (LON:NRR) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 71.10 and traded as low as GBX 70.60. NewRiver REIT shares last traded at GBX 71.70, with a volume of 1,136,814 shares changing hands.

Analysts Set New Price Targets

NRR has been the subject of several research analyst reports. Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a research report on Thursday, December 4th. Jefferies Financial Group boosted their price objective on NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Panmure Gordon restated a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a research report on Tuesday, December 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 128 price target on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 107.67.

NewRiver REIT Stock Performance

The stock’s fifty day simple moving average is GBX 69.86 and its 200 day simple moving average is GBX 71.10. The company has a market cap of £306.40 million, a price-to-earnings ratio of 10.54, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77.

NewRiver REIT (LON:NRR) last issued its quarterly earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 earnings per share for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. As a group, analysts anticipate that NewRiver REIT plc will post 7.4795268 earnings per share for the current year.

Insider Buying and Selling at NewRiver REIT

In related news, insider Allan Lockhart sold 168,890 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of GBX 68, for a total transaction of £114,845.20. Company insiders own 2.53% of the company’s stock.

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.