NewRiver REIT (LON:NRR) Stock Passes Above Two Hundred Day Moving Average of $75.95

Shares of NewRiver REIT plc (LON:NRR) 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.

NewRiver REIT Stock Down 0.5 %

The firm has a market capitalization of £250.16 million, a PE ratio of -1,151.43, a PEG ratio of -3.14 and a beta of 1.09. The company has a fifty day moving average price of GBX 75.17 and a 200-day moving average price of GBX 75.93. The company has a debt-to-equity ratio of 101.63, a quick ratio of 3.00 and a current ratio of 4.57.

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.