NewRiver REIT’s (NRR) “Buy” Rating Reiterated at Panmure Gordon

Panmure Gordon reiterated their buy rating on shares of NewRiver REIT (LON:NRR) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Panmure Gordon currently has a GBX 100 price objective on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 128 price target on shares of NewRiver REIT in a research report on Tuesday. Jefferies Financial Group raised 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 107.67.

NewRiver REIT Price Performance

Shares of NRR opened at GBX 73.40 on Tuesday. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. NewRiver REIT has a twelve month low of GBX 62.90 and a twelve month high of GBX 81.50. The stock has a market capitalization of £313.18 million, a P/E ratio of 11.65, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a 50 day moving average of GBX 70.79 and a 200-day moving average of GBX 72.71.

NewRiver REIT (LON:NRR) last announced its earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 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 research analysts forecast that NewRiver REIT will post 7.4795268 EPS for the current fiscal year.

Insiders Place Their Bets

In other NewRiver REIT news, insider Will Hobman sold 66,339 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total transaction of £46,437.30. 2.53% of the stock is 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.