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

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating reissued by investment analysts at Shore Capital Group in a report issued on Tuesday,Digital Look reports.

A number of other research analysts have also recently weighed in on NRR. Berenberg Bank restated a “buy” rating and issued a GBX 98 price objective on shares of NewRiver REIT in a report on Tuesday, June 2nd. Panmure Gordon reiterated a “buy” rating and set a GBX 100 target price on shares of NewRiver REIT in a report on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 96 price target on shares of NewRiver REIT in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 98.

NewRiver REIT Stock Performance

Shares of NewRiver REIT stock opened at GBX 83.70 on Tuesday. The business has a 50-day moving average of GBX 78.13 and a 200 day moving average of GBX 75.34. NewRiver REIT has a 12 month low of GBX 65.70 and a 12 month high of GBX 84. The stock has a market capitalization of £360.48 million, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62. The company has a debt-to-equity ratio of 113.05, a current ratio of 73.44 and a quick ratio of 3.00.

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

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.