Newriver Reit (LON:NRR) Share Price Passes Below 200 Day Moving Average of $200.14

Newriver Reit PLC (LON:NRR) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $200.14 and traded as low as $186.80. Newriver Reit shares last traded at $187.40, with a volume of 1,134,810 shares changing hands.

NRR has been the subject of a number of research analyst reports. Berenberg Bank decreased their price objective on shares of Newriver Reit from GBX 248 ($3.24) to GBX 220 ($2.87) and set a “hold” rating for the company in a report on Thursday, August 15th. Liberum Capital reiterated a “buy” rating on shares of Newriver Reit in a report on Thursday, September 12th. Finally, Peel Hunt reiterated a “buy” rating on shares of Newriver Reit in a report on Tuesday, September 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 235 ($3.07).

The business’s fifty day moving average is GBX 167.82 and its two-hundred day moving average is GBX 200.14. The company has a market cap of $573.23 million and a P/E ratio of -15.49. The company has a debt-to-equity ratio of 63.22, a quick ratio of 1.26 and a current ratio of 1.29.



In other news, insider David Lockhart sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of GBX 170 ($2.22), for a total value of £17,000 ($22,213.51). Also, insider Allan Lockhart sold 20,032 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of GBX 160 ($2.09), for a total transaction of £32,051.20 ($41,880.57). Insiders have sold a total of 48,886 shares of company stock valued at $8,034,884 in the last quarter.

About Newriver Reit (LON:NRR)

NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.3 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 19 conveniently located retail parks and over 650 community pubs.

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