Peel Hunt downgraded shares of NewRiver REIT plc (LON:NRR) to an add rating in a research report report published on Wednesday morning. Peel Hunt currently has GBX 365 ($4.80) target price on the real estate investment trust’s stock.

NRR has been the topic of several other research reports. Liberum Capital restated a buy rating and issued a GBX 370 ($4.87) target price on shares of NewRiver REIT plc in a report on Thursday, September 7th. Berenberg Bank raised their target price on shares of NewRiver REIT plc from GBX 375 ($4.93) to GBX 380 ($5.00) and gave the stock a buy rating in a report on Thursday, August 3rd.

Shares of NewRiver REIT plc (LON NRR) traded down GBX 3 ($0.04) during trading on Wednesday, hitting GBX 325.90 ($4.29). 294,172 shares of the stock traded hands, compared to its average volume of 385,422. NewRiver REIT plc has a 1 year low of GBX 309.20 ($4.07) and a 1 year high of GBX 374.50 ($4.93).

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The business also recently declared a dividend, which was paid on Friday, November 17th. Investors of record on Thursday, October 19th were issued a GBX 5.25 ($0.07) dividend. This represents a yield of 1.55%. The ex-dividend date was Thursday, October 19th.

In related news, insider Mark Davies sold 133,390 shares of NewRiver REIT plc stock in a transaction on Thursday, September 14th. The shares were sold at an average price of GBX 359 ($4.72), for a total value of £478,870.10 ($629,843.61). Also, insider David Lockhart sold 524,931 shares of NewRiver REIT plc stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of GBX 338 ($4.45), for a total transaction of £1,774,266.78 ($2,333,640.38).

NewRiver REIT plc 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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