Will Hobman Sells 62,865 Shares of NewRiver REIT plc (LON:NRR) Stock

NewRiver REIT plc (LON:NRR) insider Will Hobman sold 62,865 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.99), for a total value of £49,663.35 ($62,071.43).

NewRiver REIT Stock Performance

Shares of LON:NRR opened at GBX 73.50 ($0.92) on Friday. The firm has a fifty day simple moving average of GBX 78.58 and a two-hundred day simple moving average of GBX 78.64. NewRiver REIT plc has a 52 week low of GBX 67.50 ($0.84) and a 52 week high of GBX 86 ($1.07). The company has a quick ratio of 3.00, a current ratio of 5.40 and a debt-to-equity ratio of 103.07. The stock has a market capitalization of £276.20 million, a P/E ratio of 7,350.10, 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. Investors of record on Thursday, December 19th will be given 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%.

Wall Street Analyst Weigh In

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

NewRiver REIT Company Profile

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.