NewRiver REIT plc (LON:NRR) Insider Sells £49,663.35 in Stock

NewRiver REIT plc (LON:NRR) insider Will Hobman sold 62,865 shares of NewRiver REIT 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 ($63,136.73).

NewRiver REIT Stock Down 0.9 %

NRR traded down GBX 0.70 ($0.01) during trading on Wednesday, hitting GBX 78 ($0.99). The stock had a trading volume of 851,000 shares, compared to its average volume of 529,943. The stock has a 50 day simple moving average of GBX 78.83 and a two-hundred day simple moving average of GBX 78.68. 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 plc has a twelve month low of GBX 67.50 ($0.86) and a twelve month high of GBX 86 ($1.09). The company has a market capitalization of £293.11 million, a PE ratio of 7,870.00, a PEG ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.