NewRiver REIT (LON:NRR) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 78.55 ($0.97) and traded as low as GBX 68.90 ($0.85). NewRiver REIT shares last traded at GBX 71 ($0.87), with a volume of 738,356 shares changing hands.

Wall Street Analyst Weigh In

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

NewRiver REIT Stock Down 2.0 %

The stock has a 50-day moving average price of GBX 75.30 and a 200-day moving average price of GBX 78.51. The company has a debt-to-equity ratio of 103.07, a current ratio of 5.40 and a quick ratio of 3.00. The company has a market capitalization of £262.29 million, a P/E ratio of 6,980.00, a P/E/G ratio of -3.14 and a beta of 1.10.

NewRiver REIT (LON:NRR) last released 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 4.56% and a return on equity of 0.81%. On average, research analysts predict that NewRiver REIT plc will post 7.4795268 EPS for the current fiscal year.

NewRiver REIT Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 28th. Investors of record on Thursday, December 19th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date is Thursday, December 19th. This represents a yield of 3.82%. NewRiver REIT’s payout ratio is 70,000.00%.

Insiders Place Their Bets

In other news, insider Will Hobman sold 62,865 shares of NewRiver REIT stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.97), for a total value of £49,663.35 ($61,139.17). Company insiders own 7.73% of the company’s stock.

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.