NewRiver REIT’s (NRR) “House Stock” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of NewRiver REIT (LON:NRR) in a research note published on Wednesday morning, Marketbeat reports.

Several other analysts have also recently issued reports on the company. Berenberg Bank decreased their price objective on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a report on Tuesday. Jefferies Financial Group raised their target price on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, NewRiver REIT presently has an average rating of “Buy” and a consensus target price of GBX 97.67.

NewRiver REIT Trading Up 0.1%

Shares of NRR opened at GBX 72.60 on Wednesday. The firm’s 50-day moving average price is GBX 70.21 and its 200-day moving average price is GBX 70.94. NewRiver REIT has a 1-year low of GBX 62.90 and a 1-year high of GBX 81.50. The firm has a market capitalization of £310.25 million, a price-to-earnings ratio of 10.68, a PEG ratio of -3.14 and a beta of 1.10. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77.

NewRiver REIT (LON:NRR) last issued 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%. Sell-side analysts anticipate that NewRiver REIT will post 7.4795268 EPS for the current year.

Insider Transactions at NewRiver REIT

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