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

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

NewRiver REIT Price Performance

LON NRR opened at GBX 68 ($0.88) on Thursday. The firm has a market capitalization of £324.41 million, a price-to-earnings ratio of 70.82, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The company has a 50 day simple moving average of GBX 71.87 and a 200-day simple moving average of GBX 76.69. The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00. NewRiver REIT has a 52-week low of GBX 66 ($0.85) and a 52-week high of GBX 85 ($1.10).

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) earnings per share for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. Equities research analysts predict that NewRiver REIT will post 7.4795268 earnings per share for the current fiscal year.

Insider Activity at NewRiver REIT

In other news, insider Will Hobman sold 62,865 shares of NewRiver REIT stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($1.02), for a total value of £49,663.35 ($64,189.41). 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.