NewRiver REIT (LON:NRR) Releases Earnings Results

NewRiver REIT (LON:NRR - Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported GBX 6.30 ($0.09) earnings per share (EPS) for the quarter, Digital Look Earnings reports. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%.

NewRiver REIT Stock Performance

LON NRR traded up GBX 0.70 ($0.01) during trading hours on Friday, hitting GBX 79.50 ($1.08). The company had a trading volume of 1,635,279 shares, compared to its average volume of 909,557. NewRiver REIT has a fifty-two week low of GBX 62.90 ($0.85) and a fifty-two week high of GBX 85 ($1.15). The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. The business has a fifty day simple moving average of GBX 74.25 and a 200-day simple moving average of GBX 73.51. The firm has a market cap of £379.28 million, a P/E ratio of 82.79, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

Insiders Place Their Bets

In other NewRiver REIT news, insider Alastair Miller purchased 29,359 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of GBX 68 ($0.92) per share, with a total value of £19,964.12 ($27,007.74). 7.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of NewRiver REIT in a research report on Friday, May 30th.

NewRiver REIT Company Profile

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.