NewRiver REIT (LON:NRR) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

NewRiver REIT plc (LON:NRR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 78.80 ($0.96) and traded as low as GBX 69.60 ($0.85). NewRiver REIT shares last traded at GBX 69.60 ($0.85), with a volume of 1,089,834 shares.

Analyst Upgrades and Downgrades

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

NewRiver REIT Price Performance

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 company’s 50-day moving average is GBX 76.35 and its 200-day moving average is GBX 78.79. The stock has a market cap of £261.54 million, a price-to-earnings ratio of 6,960.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

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

Insider Buying and Selling at NewRiver REIT

In other NewRiver REIT news, insider Will Hobman sold 62,865 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.96), for a total transaction of £49,663.35 ($60,639.01). Company insiders own 7.73% of the company’s stock.

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.