NewRiver REIT (LON:NRR) Stock Price Passes Below 200 Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRR) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 78.55 ($0.97) and traded as low as GBX 68.90 ($0.85). NewRiver REIT shares last traded at GBX 71 ($0.88), with a volume of 738,356 shares traded.

Wall Street Analyst Weigh In

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

NewRiver REIT Price Performance

The stock has a market cap of £266.80 million, a P/E ratio of 7,100.00, a P/E/G ratio of -3.14 and a beta of 1.10. The company’s 50 day moving average price is GBX 75.46 and its 200-day moving average price is GBX 78.55. The company has a quick ratio of 3.00, a current ratio of 5.40 and a debt-to-equity ratio of 103.07.

NewRiver REIT Cuts Dividend

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

Insider Transactions at NewRiver REIT

In other news, insider Will Hobman sold 62,865 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.97), for a total value of £49,663.35 ($61,237.18). 7.73% 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.