NewRiver REIT (LON:NRR) Releases Earnings Results

NewRiver REIT (LON:NRR) posted its quarterly earnings results on Tuesday. The real estate investment trust reported GBX 3.10 earnings per share for the quarter, Digital Look Earnings reports. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%.

NewRiver REIT Price Performance

Shares of LON:NRR opened at GBX 71.40 on Tuesday. The firm has a market cap of £304.64 million, a price-to-earnings ratio of 11.33, a P/E/G ratio of -3.14 and a beta of 1.10. NewRiver REIT has a 1 year low of GBX 62.90 and a 1 year high of GBX 81.50. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77. The business has a fifty day simple moving average of GBX 70.71 and a 200 day simple moving average of GBX 72.74.

Insider Buying and Selling

In other NewRiver REIT news, insider Will Hobman sold 66,339 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total value of £46,437.30. 2.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price objective on NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, NewRiver REIT has an average rating of “Buy” and a consensus target price of GBX 95.

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.