NewRiver REIT (LON:NRR) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

NewRiver REIT plc (LON:NRR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 70.96 and traded as low as GBX 68.20. NewRiver REIT shares last traded at GBX 69.30, with a volume of 2,899,438 shares changing hands.

Analysts Set New Price Targets

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

NewRiver REIT Stock Down 0.9%

The business’s 50-day moving average is GBX 69.83 and its two-hundred day moving average is GBX 70.95. The firm has a market capitalization of £296.15 million, a price-to-earnings ratio of 10.19, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48.

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

Insider Activity

In related news, insider Allan Lockhart sold 168,890 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of GBX 68, for a total transaction of £114,845.20. 2.53% of the stock is owned by company insiders.

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.