NewRiver REIT plc (LON:NRR – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 78.55 ($0.97) and traded as low as GBX 68.90 ($0.85). NewRiver REIT shares last traded at GBX 71 ($0.88), with a volume of 738,356 shares.
Analysts Set New Price Targets
Separately, Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a report on Thursday, December 12th.
Read Our Latest Research Report on NewRiver REIT
NewRiver REIT Price Performance
NewRiver REIT Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Thursday, December 19th will be issued a dividend of GBX 3 ($0.04) per share. The ex-dividend date is Thursday, December 19th. This represents a dividend yield of 3.82%. NewRiver REIT’s dividend payout ratio is 70,000.00%.
Insider Transactions at NewRiver REIT
In other news, 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 ($0.97), for a total transaction of £49,663.35 ($61,237.18). 7.73% of the stock is owned by insiders.
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.
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