Will Hobman Sells 62,865 Shares of NewRiver REIT plc (LON:NRR) Stock

NewRiver REIT plc (LON:NRR) insider Will Hobman sold 62,865 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($0.99), for a total transaction of £49,663.35 ($62,071.43).

NewRiver REIT Trading Down 5.8 %

NRR stock opened at GBX 73.50 ($0.92) on Friday. The company has a debt-to-equity ratio of 103.07, a current ratio of 5.40 and a quick ratio of 3.00. NewRiver REIT plc has a 1-year low of GBX 67.50 ($0.84) and a 1-year high of GBX 86 ($1.07). The business has a 50 day simple moving average of GBX 78.58 and a two-hundred day simple moving average of GBX 78.64. The company has a market capitalization of £276.20 million, a price-to-earnings ratio of 7,350.10, a PEG ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

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

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 Company Profile

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.