NewRiver REIT (LON:NRR) Stock Passes Below 200 Day Moving Average – Should You Sell?

Shares of NewRiver REIT plc (LON:NRR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 71.44 and traded as low as GBX 68.70. NewRiver REIT shares last traded at GBX 69.30, with a volume of 495,632 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on NRR shares. Jefferies Financial Group raised their price objective on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Shore Capital reissued a “house stock” rating on shares of NewRiver REIT in a research note on Thursday, December 4th. Berenberg Bank restated a “buy” rating and set a GBX 128 price target on shares of NewRiver REIT in a research report on Tuesday, December 2nd. 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 data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 107.67.

NewRiver REIT Stock Performance

The business has a 50 day moving average price of GBX 69.98 and a two-hundred day moving average price of GBX 71.44. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The company has a market cap of £295.68 million, a P/E ratio of 10.19, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

NewRiver REIT (LON:NRR) last announced its quarterly earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 EPS for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. On average, sell-side analysts anticipate that NewRiver REIT plc will post 7.4795268 earnings per share for the current year.

Insider Buying and Selling

In other NewRiver REIT news, insider Allan Lockhart sold 168,890 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of GBX 68, for a total transaction of £114,845.20. 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.