Newriver Reit (LON:NRR) Given “Buy” Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Newriver Reit (LON:NRR) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also issued reports on the stock. Berenberg Bank lowered their target price on shares of Newriver Reit from GBX 248 ($3.24) to GBX 220 ($2.87) and set a hold rating on the stock in a research note on Thursday, August 15th. Liberum Capital reiterated a buy rating on shares of Newriver Reit in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 235 ($3.07).

LON:NRR opened at GBX 190.60 ($2.49) on Tuesday. Newriver Reit has a 1 year low of GBX 143.20 ($1.87) and a 1 year high of GBX 264 ($3.45). The firm’s fifty day simple moving average is GBX 174.38 and its 200 day simple moving average is GBX 198.17. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 63.22. The firm has a market capitalization of $583.38 million and a PE ratio of -15.75.

The business also recently declared a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be given a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a yield of 2.77%. Newriver Reit’s dividend payout ratio is -1.82%.

In other Newriver Reit news, insider David Lockhart sold 10,000 shares of the firm’s stock in a transaction on 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 Mark Davies sold 18,854 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of GBX 166 ($2.17), for a total transaction of £31,297.64 ($40,895.91). Insiders sold a total of 48,886 shares of company stock worth $8,034,884 over the last 90 days.

Newriver Reit Company Profile

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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Analyst Recommendations for Newriver Reit (LON:NRR)

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