NewRiver REIT plc (NRR) Receives “Buy” Rating from Liberum Capital
Liberum Capital reissued their buy rating on shares of NewRiver REIT plc (LON:NRR) in a report published on Wednesday. Liberum Capital currently has a GBX 370 ($4.87) price target on the real estate investment trust’s stock.
Several other brokerages have also recently commented on NRR. Berenberg Bank raised their price target on shares of NewRiver REIT plc from GBX 375 ($4.93) to GBX 380 ($5.00) and gave the company a buy rating in a research report on Thursday, August 3rd. Peel Hunt restated a buy rating and issued a GBX 365 ($4.80) price objective on shares of NewRiver REIT plc in a report on Monday, August 7th.
NewRiver REIT plc (LON:NRR) opened at GBX 325.90 ($4.29) on Wednesday. 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 company also recently disclosed a dividend, which was paid on Friday, November 17th. Stockholders of record on Thursday, October 19th were issued a GBX 5.25 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a dividend yield of 1.55%.
In other news, insider David Lockhart sold 524,931 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of GBX 338 ($4.45), for a total value of £1,774,266.78 ($2,333,640.38). Also, insider Mark Davies sold 133,390 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of GBX 359 ($4.72), for a total transaction of £478,870.10 ($629,843.61).
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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