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NewRiver REIT (LON:NRR) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

NewRiver REIT logo with Real Estate background

Key Points

  • NewRiver REIT stock has surpassed its two hundred day moving average, trading at GBX 73.50 ($1.00), with a recent high of GBX 74.60 ($1.01).
  • The company has a market capitalization of £350.65 million and a price-to-earnings ratio of 76.54, indicating a high valuation compared to earnings.
  • Shore Capital has reaffirmed a "house stock" rating for NewRiver REIT, suggesting a positive outlook among analysts.
  • Want stock alerts on NewRiver REIT? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of NewRiver REIT plc (LON:NRR - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 73.08 ($0.99) and traded as high as GBX 74.60 ($1.01). NewRiver REIT shares last traded at GBX 73.50 ($1.00), with a volume of 311,978 shares.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on NewRiver REIT

NewRiver REIT Stock Performance

The firm has a 50-day simple moving average of GBX 73.47 and a two-hundred day simple moving average of GBX 73.08. The company has a market capitalization of £350.65 million, a price-to-earnings ratio of 76.54, a price-to-earnings-growth 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 for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. As a group, sell-side analysts forecast that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal year.

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.

See Also

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