NewRiver REIT (LON:NRR) Shares Pass Below 200 Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

NewRiver REIT Stock Down 0.3 %

The stock has a 50-day moving average of GBX 77.09 and a 200-day moving average of GBX 78.84. 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 firm has a market cap of £274.32 million, a price-to-earnings ratio of 7,300.00, a P/E/G ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

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

Insider Transactions at NewRiver REIT

In related news, insider Will Hobman sold 62,865 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.98), for a total transaction of £49,663.35 ($61,693.60). 7.73% of the stock is currently owned by insiders.

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.