Shore Capital Reaffirms “House Stock” Rating for NewRiver REIT (LON:NRR)

NewRiver REIT (LON:NRRGet Free Report)‘s stock had its “house stock” rating reaffirmed by Shore Capital in a research report issued to clients and investors on Thursday,Digital Look reports.

Several other research firms have also recently weighed in on NRR. Panmure Gordon reissued a “buy” rating and issued a GBX 100 price objective on shares of NewRiver REIT in a research report on Tuesday. Berenberg Bank reissued a “buy” rating and issued a GBX 128 price target on shares of NewRiver REIT in a report on Tuesday. Finally, Jefferies Financial Group boosted their price objective on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 107.67.

View Our Latest Report on NewRiver REIT

NewRiver REIT Trading Up 0.9%

Shares of LON:NRR opened at GBX 73.77 on Thursday. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The stock’s 50-day moving average is GBX 70.76 and its 200-day moving average is GBX 72.70. The company has a market cap of £314.74 million, a P/E ratio of 11.71, a P/E/G ratio of -3.14 and a beta of 1.10. NewRiver REIT has a 52-week low of GBX 62.90 and a 52-week high of GBX 81.50.

NewRiver REIT (LON:NRRGet Free Report) last announced its earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 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 predict that NewRiver REIT will post 7.4795268 earnings per share for the current year.

Insider Activity at NewRiver REIT

In other news, insider Will Hobman sold 66,339 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of GBX 70, for a total transaction of £46,437.30. Insiders own 2.53% of the company’s stock.

NewRiver REIT Company Profile

(Get Free Report)

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.

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