NewRiver REIT (LON:NRR) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of NewRiver REIT plc (LON:NRR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 77.80 ($0.98) and traded as low as GBX 71.13 ($0.89). NewRiver REIT shares last traded at GBX 72.70 ($0.91), with a volume of 1,227,848 shares.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of NewRiver REIT in a report on Thursday, December 12th.

NewRiver REIT Stock Down 1.2 %

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 company has a 50 day simple moving average of GBX 73.94 and a two-hundred day simple moving average of GBX 77.80. The company has a market capitalization of £346.83 million, a P/E ratio of 75.71, a PEG ratio of -3.14 and a beta of 1.10.

NewRiver REIT (LON:NRR) last released 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%. As a group, equities analysts predict that NewRiver REIT plc will post 7.4795268 EPS for the current year.

NewRiver REIT Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 28th. Stockholders of record on Thursday, December 19th were paid a GBX 3 ($0.04) dividend. This represents a dividend yield of 3.82%. The ex-dividend date was Thursday, December 19th. NewRiver REIT’s dividend payout ratio is currently 728.99%.

Insider Transactions at NewRiver REIT

In other news, insider Will Hobman sold 62,865 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($0.99), for a total value of £49,663.35 ($62,414.67). Company insiders own 7.73% of the company’s stock.

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.