NewRiver REIT (LON:NRR) Earns “House Stock” Rating from Shore Capital

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating restated by equities researchers at Shore Capital in a report issued on Thursday,Digital Look reports.

NewRiver REIT Stock Down 1.0 %

LON:NRR opened at GBX 67 ($0.86) on Thursday. NewRiver REIT has a 12-month low of GBX 66.20 ($0.85) and a 12-month high of GBX 85 ($1.10). The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. The firm has a market capitalization of £319.64 million, a P/E ratio of 69.77, a P/E/G ratio of -3.14 and a beta of 1.10. The stock’s fifty day simple moving average is GBX 72.18 and its 200-day simple moving average is GBX 76.82.

NewRiver REIT (LON:NRR) last posted its earnings results on Thursday, December 12th. The real estate investment trust reported GBX 2.60 ($0.03) earnings per share for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. Equities research analysts expect that NewRiver REIT will post 7.4795268 earnings per share for the current year.

Insiders Place Their Bets

In other NewRiver REIT news, insider Will Hobman sold 62,865 shares of NewRiver REIT stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($1.02), for a total transaction of £49,663.35 ($64,015.66). Corporate 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.