Newriver Reit PLC (LON:NRR) Insider Sells £189,092.76 in Stock

Newriver Reit PLC (LON:NRR) insider Allan Lockhart sold 54,337 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of GBX 348 ($4.51), for a total transaction of £189,092.76 ($244,938.81).

Newriver Reit PLC (LON:NRR) traded down 1.59% during mid-day trading on Wednesday, hitting GBX 341.50. 360,439 shares of the company’s stock traded hands. Newriver Reit PLC has a one year low of GBX 290.00 and a one year high of GBX 374.50. The firm’s 50-day moving average price is GBX 350.62 and its 200-day moving average price is GBX 339.51. The stock’s market cap is GBX 1.03 billion.

The business also recently disclosed a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, June 15th will be given a dividend of GBX 8.25 ($0.11) per share. The ex-dividend date is Thursday, June 15th. This is an increase from Newriver Reit PLC’s previous dividend of $5.00. This represents a dividend yield of 2.39%.

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Several brokerages have issued reports on NRR. Liberum Capital increased their target price on shares of Newriver Reit PLC from GBX 355 ($4.60) to GBX 370 ($4.79) and gave the stock a “buy” rating in a report on Thursday, July 6th. Peel Hunt reissued a “buy” rating and set a GBX 365 ($4.73) price target on shares of Newriver Reit PLC in a research report on Wednesday, July 5th.

About Newriver Reit PLC

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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