Newriver Reit PLC (LON:NRR) declared a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, December 28th will be paid a dividend of GBX 5.25 ($0.07) per share by the real estate investment trust on Friday, February 9th. This represents a yield of 1.65%. The ex-dividend date is Thursday, December 28th. The official announcement can be seen at this link.
Shares of Newriver Reit (LON NRR) traded down GBX 0.30 ($0.00) during mid-day trading on Friday, reaching GBX 338.70 ($4.56). The company had a trading volume of 184,844 shares, compared to its average volume of 616,345. Newriver Reit has a 1-year low of GBX 309.20 ($4.16) and a 1-year high of GBX 374.50 ($5.04). The company has a market cap of $1,030.00 and a price-to-earnings ratio of 2,258.00.
NRR has been the subject of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 385 ($5.18) price objective on shares of Newriver Reit in a report on Wednesday, November 22nd. Peel Hunt reissued an “add” rating and issued a GBX 365 ($4.91) price objective on shares of Newriver Reit in a report on Tuesday, December 5th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 370 ($4.98) price objective on shares of Newriver Reit in a report on Wednesday, November 22nd.
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About Newriver Reit
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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