NewRiver REIT (LON:NRR) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

NewRiver REIT plc (LON:NRR) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 78.80 ($0.96) and traded as low as GBX 69.60 ($0.85). NewRiver REIT shares last traded at GBX 69.60 ($0.85), with a volume of 1,089,834 shares.

Analyst Ratings Changes

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

NewRiver REIT Stock Performance

The firm’s 50-day moving average price is GBX 76.54 and its 200-day moving average price is GBX 78.80. The company has a debt-to-equity ratio of 103.07, a current ratio of 5.40 and a quick ratio of 3.00. The stock has a market cap of £261.54 million, a P/E ratio of 6,960.00, a PEG ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Thursday, December 19th will be issued 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 currently 70,000.00%.

Insiders Place Their Bets

In other news, insider Will Hobman sold 62,865 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($0.96), for a total transaction of £49,663.35 ($60,639.01). Corporate insiders own 7.73% of the company’s stock.

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.