Newriver Reit PLC’s (NRR) Buy Rating Reiterated at Peel Hunt
Peel Hunt reissued their buy rating on shares of Newriver Reit PLC (LON:NRR) in a report issued on Monday. They currently have a GBX 365 ($4.76) price objective on the real estate investment trust’s stock.
Separately, Liberum Capital reaffirmed a buy rating and issued a GBX 370 ($4.82) price objective on shares of Newriver Reit PLC in a research note on Friday, July 14th.
Newriver Reit PLC (LON:NRR) opened at 347.90 on Monday. The company’s market capitalization is GBX 814.00 million. Newriver Reit PLC has a 12-month low of GBX 299.40 and a 12-month high of GBX 374.50. The company has a 50 day moving average price of GBX 351.15 and a 200-day moving average price of GBX 340.58.
The company also recently announced a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, June 15th will be given a GBX 8.25 ($0.11) dividend. The ex-dividend date is Thursday, June 15th. This is an increase from Newriver Reit PLC’s previous dividend of $5.00. This represents a yield of 2.39%.
In other Newriver Reit PLC news, insider David Lockhart sold 12,000 shares of the stock in a transaction dated Friday, July 7th. The stock was sold at an average price of GBX 349 ($4.55), for a total value of £41,880 ($54,559.67). Also, insider Allan Lockhart sold 54,337 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of GBX 348 ($4.53), for a total value of £189,092.76 ($246,342.83). Insiders sold 143,178 shares of company stock valued at $49,761,103 over the last quarter.
About Newriver Reit PLC
NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.
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