NewRiver REIT’s (NRR) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of NewRiver REIT (LON:NRR) in a report published on Tuesday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 128 target price on the real estate investment trust’s stock.

Separately, Jefferies Financial Group upped their price objective on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, NewRiver REIT has an average rating of “Buy” and an average price target of GBX 107.67.

NewRiver REIT Stock Performance

NRR opened at GBX 73.40 on Tuesday. The company has a market cap of £313.18 million, a P/E ratio of 11.65, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. NewRiver REIT has a 52-week low of GBX 62.90 and a 52-week high of GBX 81.50. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. The firm’s 50-day moving average price is GBX 70.79 and its 200-day moving average price is GBX 72.71.

NewRiver REIT (LON:NRR) last posted its quarterly 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 net margin of 4.16% and a return on equity of 0.78%. As a group, equities analysts anticipate that NewRiver REIT will post 7.4795268 EPS for the current fiscal year.

Insider Activity at NewRiver REIT

In related news, insider Will Hobman sold 66,339 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of GBX 70, for a total transaction of £46,437.30. 2.53% of the stock is currently owned by company insiders.

NewRiver REIT Company Profile

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.