NewRiver REIT (LON:NRR) Earns “House Stock” Rating from Shore Capital

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating reiterated by investment analysts at Shore Capital in a note issued to investors on Wednesday, Marketbeat Ratings reports.

NRR has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a report on Tuesday, October 28th. Berenberg Bank reduced their price target on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 100 price objective on shares of NewRiver REIT in a report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 97.67.

NewRiver REIT Stock Down 1.8%

Shares of NRR opened at GBX 72.50 on Wednesday. The stock’s 50-day moving average price is GBX 70.12 and its 200-day moving average price is GBX 70.95. 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 company has a market capitalization of £309.82 million, a price-to-earnings ratio of 10.66, a PEG 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.

NewRiver REIT (LON:NRR) last released 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%. On average, sell-side analysts predict that NewRiver REIT will post 7.4795268 EPS for the current year.

Insider Transactions at NewRiver REIT

In other news, insider Allan Lockhart sold 168,890 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of GBX 68, for a total transaction of £114,845.20. Company insiders own 2.53% of the company’s stock.

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.