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

Shore Capital reissued their house stock rating on shares of NewRiver REIT (LON:NRR) in a report published on Wednesday, Marketbeat Ratings reports.

A number of other research analysts also recently weighed in on NRR. Panmure Gordon restated a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a report on Tuesday, December 2nd. Berenberg Bank cut their target price on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group upped their price target on NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, NewRiver REIT has an average rating of “Buy” and a consensus target price of GBX 97.67.

NewRiver REIT Trading Up 5.0%

LON:NRR opened at GBX 73.80 on Wednesday. NewRiver REIT has a 12 month low of GBX 62.90 and a 12 month high of GBX 81.50. The business’s 50-day moving average is GBX 70.03 and its two-hundred day moving average is GBX 70.94. The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00. The firm has a market capitalization of £315.38 million, a PE ratio of 10.85, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

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

Insider Buying and Selling at NewRiver REIT

In related news, insider Allan Lockhart sold 168,890 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of GBX 68, for a total transaction of £114,845.20. Corporate 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.