NewRiver REIT (LON:NRR) Given House Stock Rating at Shore Capital

Shore Capital restated their house stock rating on shares of NewRiver REIT (LON:NRR) in a research report released on Thursday morning, Marketbeat Ratings reports.

NewRiver REIT Stock Performance

NRR opened at GBX 80.10 ($1.01) on Thursday. The firm has a market cap of £301.00 million, a P/E ratio of 8,010.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The business’s fifty day moving average is GBX 78.93 and its 200-day moving average is GBX 78.54. NewRiver REIT has a 52-week low of GBX 67.50 ($0.85) and a 52-week high of GBX 87.97 ($1.11). The company has a debt-to-equity ratio of 103.07, a quick ratio of 3.00 and a current ratio of 5.40.

NewRiver REIT Cuts Dividend

The firm also recently announced 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. This represents a dividend yield of 3.82%. The ex-dividend date is Thursday, December 19th. NewRiver REIT’s dividend payout ratio is presently 70,000.00%.

Insider Activity

In related news, insider Alastair Miller bought 18,297 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were purchased at an average price of GBX 82 ($1.03) per share, with a total value of £15,003.54 ($18,936.69). Corporate insiders own 7.73% of the company’s stock.

About NewRiver REIT

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.