NewRiver REIT (LON:NRR) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• NewRiver REIT shares have fallen below their two hundred day moving average, trading as low as GBX 72.70, while currently priced at GBX 73.90.
• Shore Capital maintains a "house stock" rating for NewRiver REIT, suggesting confidence in its potential despite recent stock performance.
• The company reported a net margin of 4.16% and is expected to post earnings per share of approximately 7.48 for the current year.

Shares of NewRiver REIT plc (LON:NRR - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 73.03 ($0.99) and traded as low as GBX 72.70 ($0.98). NewRiver REIT shares last traded at GBX 73.90 ($1.00), with a volume of 951,098 shares.

Analysts Set New Price Targets

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

NewRiver REIT Price Performance

The business's 50-day moving average price is GBX 72.53 and its 200 day moving average price is GBX 73.02. The stock has a market capitalization of £346.62 million, a PE ratio of 1,157.14, 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 quick ratio of 3.00 and a current ratio of 5.48.

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 EPS for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. Research analysts forecast that NewRiver REIT plc will post 7.4795268 earnings per share for the current year.

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.