NewRiver REIT (LON:NRR) Sets New 52-Week High – What’s Next?

NewRiver REIT plc (LON:NRR) reached a new 52-week high during trading on Friday . The company traded as high as GBX 81.70 and last traded at GBX 80.97, with a volume of 1232401 shares changing hands. The stock had previously closed at GBX 79.80.

Analysts Set New Price Targets

NRR has been the topic of several research reports. Berenberg Bank reduced their price target on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Shore Capital Group reissued a “house stock” rating on shares of NewRiver REIT in a research note on Wednesday, January 28th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 97.67.

NewRiver REIT Price Performance

The firm has a market cap of £348.52 million, a P/E ratio of 11.91, a PEG ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00. The stock’s 50-day simple moving average is GBX 72.17 and its two-hundred day simple moving average is GBX 71.46.

NewRiver REIT (LON:NRR) last released its quarterly earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 EPS for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. Equities research analysts forecast that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal year.

Insider Activity at NewRiver REIT

In other news, insider Allan Lockhart sold 168,890 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of GBX 68, for a total value of £114,845.20. Corporate insiders own 2.57% of the company’s stock.

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.