NewRiver REIT (LON:NRR) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

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 77.80 ($0.98) and traded as low as GBX 71.13 ($0.89). NewRiver REIT shares last traded at GBX 72.70 ($0.91), with a volume of 1,227,848 shares trading hands.

Analysts Set New Price Targets

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

NewRiver REIT Stock Performance

The firm has a market cap of £346.83 million, a P/E ratio of 75.71, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The business’s 50-day simple moving average is GBX 73.94 and its 200 day simple moving average is GBX 77.80.

NewRiver REIT (LON:NRR) last issued its quarterly earnings data on Thursday, December 12th. The real estate investment trust reported GBX 2.60 ($0.03) EPS for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. As a group, equities analysts predict that NewRiver REIT plc will post 7.4795268 earnings per share for the current year.

NewRiver REIT Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 28th. Stockholders of record on Thursday, December 19th were paid a GBX 3 ($0.04) dividend. This represents a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, December 19th. NewRiver REIT’s dividend payout ratio (DPR) is presently 728.99%.

Insider Buying and Selling

In other news, insider Will Hobman sold 62,865 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($0.99), for a total value of £49,663.35 ($62,414.67). 7.73% of the stock is currently owned by insiders.

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.