NewRiver REIT (LON:NRR) Shares Cross Below 200 Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRR)’s share price crossed 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 ($0.90). NewRiver REIT shares last traded at GBX 72.70 ($0.92), with a volume of 1,227,848 shares traded.

Analyst Ratings Changes

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

NewRiver REIT Stock Performance

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 50 day moving average of GBX 73.78 and a 200 day moving average of GBX 77.74. The stock has a market capitalization of £343.50 million, a P/E ratio of 74.98, a P/E/G ratio of -3.14 and a beta of 1.10.

NewRiver REIT (LON:NRR) last announced its quarterly earnings results on Thursday, December 12th. The real estate investment trust reported GBX 2.60 ($0.03) earnings per share (EPS) for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. 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. Shareholders of record on Thursday, December 19th were given a GBX 3 ($0.04) dividend. This represents a yield of 3.82%. The ex-dividend date of this dividend was Thursday, December 19th. NewRiver REIT’s dividend payout ratio (DPR) is 728.99%.

Insider Buying and Selling at NewRiver REIT

In other news, insider Will Hobman sold 62,865 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($0.99), for a total transaction of £49,663.35 ($62,508.94). 7.73% of the stock is owned by company insiders.

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.