NewRiver REIT (LON:NRR) Insider Will Hobman Sells 66,339 Shares

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 firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total value of £46,437.30.

NewRiver REIT Stock Performance

NRR traded up GBX 1.30 during trading hours on Wednesday, hitting GBX 71. 591,439 shares of the stock were exchanged, compared to its average volume of 947,489. The stock has a 50-day simple moving average of GBX 72.08 and a 200-day simple moving average of GBX 72.94. NewRiver REIT plc has a 12 month low of GBX 62.90 and a 12 month high of GBX 85. The stock has a market cap of £302.46 million, a price-to-earnings ratio of 1,126.98, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of NewRiver REIT in a research note on Thursday, July 31st.

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.

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