Insider Selling: NewRiver REIT (LON:NRR) Insider Sells 168,890 Shares of Stock

by · The Cerbat Gem

NewRiver REIT plc (LON:NRR – Get Free Report) insider Allan Lockhart sold 168,890 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of GBX 68, for a total transaction of £114,845.20.

NewRiver REIT Stock Down 1.5%

LON:NRR traded down GBX 1 on Monday, hitting GBX 66.80. The stock had a trading volume of 19,806,154 shares, compared to its average volume of 1,154,360. NewRiver REIT plc has a 1 year low of GBX 62.90 and a 1 year high of GBX 81.50. The firm’s fifty day simple moving average is GBX 70.65 and its two-hundred day simple moving average is GBX 72.40. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The stock has a market cap of £285.02 million, a P/E ratio of 9.82, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 128 target price on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a report on Thursday, December 4th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 100 price objective on shares of NewRiver REIT in a research report on Tuesday, December 2nd. Finally, Jefferies Financial Group increased their target price on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 107.67.

Check Out Our Latest Report on NewRiver REIT

About NewRiver REIT

(Get Free Report)

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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