NewRiver REIT plc (LON:NRR) Insider Sells £49,663.35 in Stock

NewRiver REIT plc (LON:NRR) insider Will Hobman sold 62,865 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.99), for a total transaction of £49,663.35 ($62,414.67).

NewRiver REIT Trading Down 1.2 %

Shares of LON:NRR opened at GBX 71.80 ($0.90) on Friday. The company’s 50-day moving average price is GBX 78.58 and its two-hundred day moving average price is GBX 78.64. NewRiver REIT plc has a one year low of GBX 67.50 ($0.85) and a one year high of GBX 86 ($1.08). 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 stock has a market capitalization of £269.81 million, a PE ratio of 7,180.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a 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.