NewRiver REIT (LON:NRR) Hits New 1-Year High – Still a Buy?

NewRiver REIT plc (LON:NRR) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 85 and last traded at GBX 81.90, with a volume of 305237 shares changing hands. The stock had previously closed at GBX 82.20.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Panmure Gordon reissued a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a report on Friday, May 1st. Berenberg Bank reissued a “buy” rating and issued a GBX 98 price objective on shares of NewRiver REIT in a research note on Tuesday, June 2nd. Jefferies Financial Group restated a “buy” rating and set a GBX 92 price objective on shares of NewRiver REIT in a research report on Wednesday, July 29th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 96.67.

NewRiver REIT Stock Down 0.4%

The firm’s 50 day moving average is GBX 78.88 and its 200-day moving average is GBX 75.90. The firm has a market cap of £352.72 million, a PE ratio of 11.54, a P/E/G ratio of -3.14 and a beta of 0.62. The company has a quick ratio of 3.00, a current ratio of 73.44 and a debt-to-equity ratio of 113.05.

NewRiver REIT (LON:NRR) last released its earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 EPS for the quarter. The firm had revenue of £131 million during the quarter. NewRiver REIT had a net margin of 24.37% and a return on equity of 6.98%. As a group, equities research analysts expect that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal year.

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.