Peel Hunt reaffirmed their buy rating on shares of Newriver Reit (LON:NRR) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also commented on NRR. Barclays decreased their price objective on shares of Newriver Reit from GBX 215 ($2.83) to GBX 200 ($2.63) and set an equal weight rating on the stock in a research report on Tuesday, December 10th. Liberum Capital reduced their target price on shares of Newriver Reit from GBX 250 ($3.29) to GBX 240 ($3.16) and set a buy rating on the stock in a report on Wednesday, January 22nd. HSBC reduced their target price on shares of Newriver Reit from GBX 244 ($3.21) to GBX 232 ($3.05) and set a buy rating on the stock in a report on Wednesday, November 27th. Finally, Peel Hunt restated a buy rating and issued a GBX 225 ($2.96) target price on shares of Newriver Reit in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 223.67 ($2.94).
Newriver Reit stock opened at GBX 190.40 ($2.50) on Tuesday. Newriver Reit has a 52 week low of GBX 143.20 ($1.88) and a 52 week high of GBX 246 ($3.24). The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 78.11. The firm’s 50-day simple moving average is GBX 194.49 and its 200 day simple moving average is GBX 188.39. The firm has a market capitalization of $582.87 million and a PE ratio of -9.52.
The company also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th were issued a GBX 5.40 ($0.07) dividend. The ex-dividend date was Tuesday, December 24th. This represents a yield of 3%. Newriver Reit’s dividend payout ratio (DPR) is -1.10%.
In other Newriver Reit news, insider Allan Lockhart sold 148,750 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of GBX 190 ($2.50), for a total value of £282,625 ($371,777.16).
About Newriver Reit
NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.3 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 19 conveniently located retail parks and over 650 community pubs.
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