NewRiver REIT (LON:NRR) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

NewRiver REIT plc (LON:NRR) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 70.96 and traded as low as GBX 68.20. NewRiver REIT shares last traded at GBX 69.30, with a volume of 2,899,438 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NRR. Berenberg Bank reiterated a “buy” rating and issued a GBX 128 target price on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Thursday, December 4th. Jefferies Financial Group increased their target price on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 100 price target on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 107.67.

NewRiver REIT Trading Down 0.9%

The company’s fifty day simple moving average is GBX 69.83 and its 200-day simple moving average is GBX 70.96. The firm has a market capitalization of £296.15 million, a PE ratio of 10.19, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00.

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

Insider Activity at NewRiver REIT

In other NewRiver REIT 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. 2.53% of the stock is owned by insiders.

About NewRiver REIT

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.