NewRiver REIT (LON:NRR) Reaches New 1-Year Low – Time to Sell?

NewRiver REIT plc (LON:NRR)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 67.30 ($0.86) and last traded at GBX 67.80 ($0.86), with a volume of 501149 shares changing hands. The stock had previously closed at GBX 68 ($0.86).

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 stock has a fifty day simple moving average of GBX 72.32 and a two-hundred day simple moving average of GBX 76.92. 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 £323.46 million, a price-to-earnings ratio of 70.61, a P/E/G ratio of -3.14 and a beta of 1.10.

NewRiver REIT (LON:NRR) last released its quarterly earnings data 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%. Analysts expect that NewRiver REIT plc will post 7.4795268 EPS for the current fiscal year.

NewRiver REIT Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 28th. Investors of record on Thursday, December 19th were issued a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, December 19th. NewRiver REIT’s dividend payout ratio (DPR) is presently 728.99%.

Insider Buying and Selling

In related news, insider Will Hobman sold 62,865 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($1.00), for a total transaction of £49,663.35 ($63,112.66). 7.73% of the stock is owned by corporate insiders.

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.