Shore Capital Reiterates “House Stock” Rating for NewRiver REIT (LON:NRR)

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

NewRiver REIT Stock Down 0.2 %

NRR stock opened at GBX 80.10 ($1.01) on Thursday. NewRiver REIT has a 52 week low of GBX 67.50 ($0.85) and a 52 week high of GBX 87.97 ($1.11). The business has a 50-day simple moving average of GBX 78.93 and a 200 day simple moving average of GBX 78.50. The company has a quick ratio of 3.00, a current ratio of 5.40 and a debt-to-equity ratio of 103.07. The company has a market cap of £301.00 million, a PE ratio of 8,010.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

Insider Activity at NewRiver REIT

In other NewRiver REIT news, insider Alastair Miller acquired 18,297 shares of NewRiver REIT stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of GBX 82 ($1.03) per share, with a total value of £15,003.54 ($18,936.69). 7.73% of the stock is currently owned by insiders.

About NewRiver REIT

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.