NewRiver REIT (LON:NRR) Stock Passes Below 200-Day Moving Average – Here’s What Happened

NewRiver REIT plc (LON:NRR)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 78.84 ($0.98) and traded as low as GBX 72.70 ($0.90). NewRiver REIT shares last traded at GBX 73.20 ($0.91), with a volume of 328,635 shares changing hands.

Wall Street Analysts Forecast Growth

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

NewRiver REIT Stock Down 0.1 %

The firm has a fifty day moving average price of GBX 77.20 and a 200 day moving average price of GBX 78.84. The firm has a market capitalization of £275.07 million, a price-to-earnings ratio of 7,320.00, a PEG ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 103.07, a quick ratio of 3.00 and a current ratio of 5.40.

NewRiver REIT Cuts Dividend

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

Insider Activity at NewRiver REIT

In related news, insider Will Hobman sold 62,865 shares of NewRiver REIT stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($0.98), for a total transaction of £49,663.35 ($61,472.15). Company insiders own 7.73% of the company’s stock.

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.