NewRiver REIT (LON:NRR) Sets New 12-Month Low – Time to Sell?

NewRiver REIT plc (LON:NRR) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 67.30 ($0.86) and last traded at GBX 67.80 ($0.86), with a volume of 501149 shares changing hands. The stock had previously closed at GBX 68 ($0.86).

Wall Street Analysts Forecast Growth

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

NewRiver REIT Trading Down 0.3 %

The company has a market cap of £323.46 million, a price-to-earnings ratio of 70.61, a PEG ratio of -3.14 and a beta of 1.10. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77. The business’s 50 day moving average price is GBX 72.32 and its 200-day moving average price is GBX 76.92.

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 (EPS) for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. On average, equities analysts anticipate that NewRiver REIT plc will post 7.4795268 EPS for the current fiscal year.

NewRiver REIT Cuts Dividend

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

Insiders Place Their Bets

In other NewRiver REIT news, insider Will Hobman sold 62,865 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($1.00), for a total value of £49,663.35 ($63,112.66). 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.