NewRiver REIT (LON:NRR) Shares Pass Below 200 Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 78.84 ($0.98) and traded as low as GBX 72.70 ($0.90). NewRiver REIT shares last traded at GBX 73.20 ($0.91), with a volume of 328,635 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a research note on Thursday, December 12th.

NewRiver REIT Stock Performance

The company has a current ratio of 5.40, a quick ratio of 3.00 and a debt-to-equity ratio of 103.07. The firm’s fifty day moving average price is GBX 77.20 and its 200-day moving average price is GBX 78.84. The firm has a market cap of £275.07 million, a price-to-earnings ratio of 7,320.00, a PEG ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Thursday, December 19th will be paid a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 3.82%. NewRiver REIT’s dividend payout ratio is presently 70,000.00%.

Insiders Place Their Bets

In related news, insider Will Hobman sold 62,865 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.98), for a total transaction of £49,663.35 ($61,472.15). Corporate insiders own 7.73% 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.