NewRiver REIT (LON:NRR) Reaches New 1-Year High – Here’s Why

Shares of NewRiver REIT plc (LON:NRR) reached a new 52-week high on Thursday . The stock traded as high as GBX 84 and last traded at GBX 82.90, with a volume of 357882 shares traded. The stock had previously closed at GBX 82.80.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NRR shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 92 target price on shares of NewRiver REIT in a research report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 98 target price on shares of NewRiver REIT in a research report on Tuesday, June 2nd. Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 100 price objective on shares of NewRiver REIT in a research note on Friday, May 1st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, NewRiver REIT has an average rating of “Buy” and an average price target of GBX 96.67.

NewRiver REIT Stock Up 0.1%

The company has a current ratio of 73.44, a quick ratio of 3.00 and a debt-to-equity ratio of 113.05. The stock has a market cap of £357.03 million, a P/E ratio of 11.68, a PEG ratio of -3.14 and a beta of 0.62. The company’s 50 day moving average price is GBX 78.43 and its two-hundred day moving average price is GBX 75.49.

NewRiver REIT (LON:NRR) last announced its earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 EPS for the quarter. The business had revenue of £131 million during the quarter. NewRiver REIT had a net margin of 24.37% and a return on equity of 6.98%. Equities analysts forecast that NewRiver REIT plc will post 7.4795268 earnings per share for the current year.

NewRiver REIT Company Profile

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.