NewRiver REIT (LON:NRR) Shares Pass Below 200 Day Moving Average – Here’s What Happened

NewRiver REIT plc (LON:NRR) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 70.95 and traded as low as GBX 70.70. NewRiver REIT shares last traded at GBX 72.90, with a volume of 6,493,875 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Panmure Gordon restated a “buy” rating and set a GBX 100 target price on shares of NewRiver REIT in a research report on Tuesday, December 2nd. Berenberg Bank dropped their price objective on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group lifted their price target on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, NewRiver REIT has a consensus rating of “Buy” and a consensus target price of GBX 97.67.

NewRiver REIT Stock Up 2.7%

The firm has a market cap of £313.80 million, a price-to-earnings ratio of 10.72, a PEG ratio of -3.14 and a beta of 1.10. The business has a fifty day simple moving average of GBX 70.50 and a 200 day simple moving average of GBX 70.95. 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 issued its quarterly earnings results 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%. As a group, equities analysts forecast that NewRiver REIT plc will post 7.4795268 EPS for the current fiscal year.

Insider Activity at NewRiver REIT

In other news, insider Allan Lockhart sold 168,890 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of GBX 68, for a total value of £114,845.20. 2.57% of the stock is owned by company insiders.

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.