Newriver Reit (NRR) Receives Buy Rating from Liberum Capital
Liberum Capital reiterated their buy rating on shares of Newriver Reit (LON:NRR) in a report issued on Monday. The brokerage currently has a GBX 370 ($5.02) target price on the real estate investment trust’s stock.
Several other analysts have also recently issued reports on NRR. Peel Hunt cut Newriver Reit to an add rating and set a GBX 365 ($4.95) price objective on the stock. in a research note on Wednesday, November 22nd. Berenberg Bank restated a buy rating and set a GBX 385 ($5.22) price objective on shares of Newriver Reit in a research note on Wednesday, November 22nd.
Newriver Reit (LON NRR) opened at GBX 316 ($4.29) on Monday. The company has a market capitalization of $957.13 and a PE ratio of 2,106.67. Newriver Reit has a 1-year low of GBX 309.20 ($4.19) and a 1-year high of GBX 374.50 ($5.08).
The company also recently disclosed a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, December 28th will be paid a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 1.65%. The ex-dividend date of this dividend is Thursday, December 28th.
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Newriver Reit Company Profile
NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.
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