Insider Selling: NewRiver REIT (LON:NRR) Insider Sells 66,339 Shares of Stock

Key Points

• Insider Will Hobman sold 66,339 shares of NewRiver REIT at an average price of GBX 70, amounting to £46,437.30.
• The stock has a market cap of £302.46 million and a price-to-earnings ratio of 1,126.98, indicating potentially high valuation concerns.
• Shore Capital has maintained a "house stock" rating on NewRiver REIT's shares, reflecting confidence in its long-term performance.

NewRiver REIT plc (LON:NRR - Get Free Report) insider Will Hobman sold 66,339 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total transaction of £46,437.30.

NewRiver REIT Trading Up 0.7%

NRR traded up GBX 0.50 on Monday, reaching GBX 71.80. 565,136 shares of the company's stock were exchanged, compared to its average volume of 939,346. The company's 50 day moving average is GBX 71.94 and its 200-day moving average is GBX 72.97. The company has a market cap of £305.86 million, a price-to-earnings ratio of 1,139.68, a PEG ratio of -3.14 and a beta of 1.10. NewRiver REIT plc has a twelve month low of GBX 62.90 and a twelve month high of GBX 85. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48.

Wall Street Analyst Weigh In

NRR has been the topic of several recent research reports. Shore Capital reissued a "house stock" rating on shares of NewRiver REIT in a research report on Thursday, July 31st. Jefferies Financial Group reissued a "buy" rating and set a GBX 90 price target on shares of NewRiver REIT in a research report on Thursday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 90.

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.