NewRiver REIT (LON:NRR) Earns “House Stock” Rating from Shore Capital

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating reissued by stock analysts at Shore Capital in a report released on Thursday,Digital Look reports.

NewRiver REIT Trading Down 1.0 %

NRR stock opened at GBX 67 ($0.86) on Thursday. The business has a fifty day moving average price of GBX 72.18 and a 200 day moving average price of GBX 76.82. NewRiver REIT has a fifty-two week low of GBX 66.20 ($0.85) and a fifty-two week high of GBX 85 ($1.10). The stock has a market capitalization of £319.64 million, a price-to-earnings ratio of 69.77, 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 quarterly earnings results on Thursday, December 12th. The real estate investment trust reported GBX 2.60 ($0.03) earnings per share for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. Analysts expect that NewRiver REIT will post 7.4795268 EPS for the current fiscal year.

Insider Activity

In other news, insider Will Hobman sold 62,865 shares of NewRiver REIT stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($1.02), for a total value of £49,663.35 ($64,015.66). Insiders own 7.73% 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.