Insider Buying: NewRiver REIT plc (LON:NRR) Insider Purchases 29,359 Shares of Stock

NewRiver REIT plc (LON:NRR) insider Alastair Miller acquired 29,359 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of GBX 68 ($0.88) per share, with a total value of £19,964.12 ($25,846.87).

NewRiver REIT Price Performance

NewRiver REIT stock traded up GBX 0.80 ($0.01) during midday trading on Wednesday, reaching GBX 68.50 ($0.89). 549,707 shares of the company were exchanged, compared to its average volume of 1,119,960. The company has a market capitalization of £326.80 million, a price-to-earnings ratio of 71.34, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The firm’s 50-day simple moving average is GBX 71.42 and its 200-day simple moving average is GBX 76.33. NewRiver REIT plc has a 1 year low of GBX 66 ($0.85) and a 1 year high of GBX 85 ($1.10).

NewRiver REIT (LON:NRR) last posted its quarterly earnings data on Thursday, December 12th. The real estate investment trust reported GBX 2.60 ($0.03) earnings per share (EPS) for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. On average, analysts anticipate that NewRiver REIT plc will post 7.4795268 EPS for the current year.

NewRiver REIT Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date was Thursday, December 19th. This represents a yield of 3.82%. NewRiver REIT’s dividend payout ratio is currently 728.99%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a report on Thursday, March 6th.

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.