Newriver Reit PLC (LON:NRR) announced a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Investors of record on Thursday, June 20th will be paid a dividend of GBX 5.40 ($0.07) per share by the real estate investment trust on Friday, July 26th. This represents a yield of 2.52%. The ex-dividend date is Thursday, June 20th. The official announcement can be seen at this link.
LON:NRR traded down GBX 0.80 ($0.01) during mid-day trading on Friday, hitting GBX 188.60 ($2.46). The stock had a trading volume of 819,342 shares, compared to its average volume of 945,922. The company has a market cap of $570.67 million and a PE ratio of -15.59. Newriver Reit has a 52 week low of GBX 190.80 ($2.49) and a 52 week high of GBX 294 ($3.84). The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 63.22.
In other news, insider Ford of Cunninghame acquired 25,640 shares of Newriver Reit stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of GBX 195 ($2.55) per share, for a total transaction of £49,998 ($65,331.24).
NRR has been the topic of several recent research reports. Peel Hunt reiterated an “add” rating on shares of Newriver Reit in a research report on Thursday, May 23rd. Liberum Capital restated a “buy” rating on shares of Newriver Reit in a research report on Tuesday, March 12th. Barclays dropped their price target on shares of Newriver Reit from GBX 260 ($3.40) to GBX 250 ($3.27) and set an “equal weight” rating on the stock in a research report on Friday, February 15th. Finally, Berenberg Bank downgraded shares of Newriver Reit to a “hold” rating and dropped their price target for the stock from GBX 265 ($3.46) to GBX 248 ($3.24) in a research report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 269.33 ($3.52).
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Newriver Reit Company Profile
NewRiver REIT plc (NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.4 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 21 conveniently located retail parks and over 600 community pubs.
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