Shares of NewRiver REIT plc (LON:NRR – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 75.95 ($0.98) and traded as high as GBX 81.64 ($1.06). NewRiver REIT shares last traded at GBX 81 ($1.05), with a volume of 346,546 shares.
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Tuesday, May 28th.
Read Our Latest Stock Analysis on NRR
NewRiver REIT Stock Down 0.5 %
NewRiver REIT Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, August 16th. Investors of record on Thursday, July 4th will be issued a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date is Thursday, July 4th. This represents a yield of 4.42%. NewRiver REIT’s payout ratio is presently -10,000.00%.
About NewRiver REIT
NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.
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