NewRiver REIT (LON:NRR) Share Price Passes Below 200-Day Moving Average – What’s Next?

NewRiver REIT plc (LON:NRR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 78.25 ($0.97) and traded as low as GBX 70.30 ($0.87). NewRiver REIT shares last traded at GBX 71.60 ($0.89), with a volume of 404,426 shares traded.

Wall Street Analysts Forecast Growth

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

NewRiver REIT Stock Performance

The firm has a market cap of £272.12 million, a price-to-earnings ratio of 7,241.40, a PEG ratio of -3.14 and a beta of 1.10. The stock’s fifty day moving average is GBX 74.72 and its two-hundred day moving average is GBX 78.25. The company has a debt-to-equity ratio of 103.07, a quick ratio of 3.00 and a current ratio of 5.40.

NewRiver REIT (LON:NRR) last announced its quarterly earnings results on Thursday, December 12th. The real estate investment trust reported GBX 2.60 ($0.03) EPS for the quarter. NewRiver REIT had a net margin of 4.56% and a return on equity of 0.81%. On average, analysts expect that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal year.

NewRiver REIT Cuts Dividend

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

Insider Transactions at NewRiver REIT

In other news, insider Will Hobman sold 62,865 shares of the 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 value of £49,663.35 ($61,793.39). Company insiders own 7.73% of the company’s stock.

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.