Newriver Reit PLC (NRR) Given “Buy” Rating at Liberum Capital

Newriver Reit PLC (LON:NRR)‘s stock had its “buy” rating restated by Liberum Capital in a note issued to investors on Tuesday, May 16th. They currently have a GBX 340 ($4.30) price objective on the real estate investment trust’s stock. Liberum Capital’s target price indicates a potential downside of 3.68% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on NRR. Peel Hunt restated a “buy” rating and set a GBX 345 ($4.36) price target on shares of Newriver Reit PLC in a report on Wednesday, January 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 365 ($4.62) price target on shares of Newriver Reit PLC in a research report on Thursday, February 9th. Finally, HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 335 ($4.24) target price on shares of Newriver Reit PLC in a research report on Wednesday, February 15th.

Shares of Newriver Reit PLC (NRR) opened at 353.00 on Tuesday. The stock’s 50 day moving average is GBX 350.05 and its 200-day moving average is GBX 338.68. Newriver Reit PLC has a 12-month low of GBX 269.00 and a 12-month high of GBX 374.50. The firm’s market cap is GBX 825.93 million.

The business also recently declared a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, June 15th will be paid a GBX 8.25 ($0.10) dividend. This is a boost from Newriver Reit PLC’s previous dividend of $5.00. This represents a yield of 2.39%. The ex-dividend date of this dividend is Thursday, June 15th.

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Newriver Reit PLC Company Profile

NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.

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