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NewRiver REIT (LON:NRR) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

NewRiver REIT logo with Real Estate background

Shares of NewRiver REIT plc (LON:NRR - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 73.37 ($0.99) and traded as high as GBX 80.30 ($1.09). NewRiver REIT shares last traded at GBX 80 ($1.08), with a volume of 705,169 shares trading hands.

Analyst Ratings Changes

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

Read Our Latest Stock Report on NewRiver REIT

NewRiver REIT Price Performance

The company has a 50 day moving average of GBX 73.69 and a 200-day moving average of GBX 73.42. The firm has a market capitalization of £376.89 million, a P/E ratio of 82.27, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77.

NewRiver REIT (LON:NRR - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The real estate investment trust reported GBX 6.30 ($0.09) 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, sell-side analysts predict that NewRiver REIT plc will post 7.4795268 EPS for the current year.

Insider Buying and Selling at NewRiver REIT

In related news, insider Alastair Miller acquired 29,359 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of GBX 68 ($0.92) per share, with a total value of £19,964.12 ($27,055.32). Insiders own 7.73% of the company's stock.

NewRiver REIT Company Profile

(Get Free Report)

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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