Insider Selling: NewRiver REIT (LON:NRR) Insider Sells 168,890 Shares of Stock

NewRiver REIT plc (LON:NRR) insider Allan Lockhart sold 168,890 shares of the company’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.

NewRiver REIT Trading Down 1.5%

Shares of NRR traded down GBX 1 during mid-day trading on Monday, reaching GBX 66.80. 19,806,154 shares of the company were exchanged, compared to its average volume of 1,154,360. NewRiver REIT plc has a 52 week low of GBX 62.90 and a 52 week high of GBX 81.50. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The stock has a market capitalization of £285.02 million, a PE ratio of 9.82, a PEG ratio of -3.14 and a beta of 1.10. The business has a 50 day simple moving average of GBX 70.65 and a two-hundred day simple moving average of GBX 72.40.

NewRiver REIT (LON:NRR) last released its earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 earnings per share for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. On average, analysts predict that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NRR shares. Panmure Gordon reissued a “buy” rating and set a GBX 100 target price on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Berenberg Bank reiterated a “buy” rating and set a GBX 128 price target on shares of NewRiver REIT in a report on Tuesday, December 2nd. Jefferies Financial Group boosted their price objective on NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 107.67.

About NewRiver REIT

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.