Shore Capital Reaffirms "House Stock" Rating for NewRiver REIT (LON:NRR)

Key Points

• Shore Capital has reiterated its "house stock" rating for NewRiver REIT as of Thursday, reflecting confidence in the company's market position.
• NewRiver REIT's shares opened at GBX 71.38 ($0.95) with a 1-year trading range between GBX 62.90 ($0.83) and GBX 85 ($1.13).
• The REIT reported an earnings per share (EPS) of GBX 6.30 ($0.08) for the last quarter, alongside a projected EPS of approximately 7.48 for the current fiscal year.

Shore Capital reaffirmed their house stock rating on shares of NewRiver REIT (LON:NRR - Free Report) in a research report released on Thursday, Marketbeat reports.

NewRiver REIT Price Performance

Shares of LON:NRR remained flat at GBX 71 ($0.94) on Thursday. The stock had a trading volume of 702,623 shares, compared to its average volume of 944,311. NewRiver REIT has a fifty-two week low of GBX 62.90 ($0.83) and a fifty-two week high of GBX 85 ($1.13). The company has a market capitalization of £338.72 million, a PE ratio of 73.94, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The stock's 50 day simple moving average is GBX 74.79 and its 200 day simple moving average is GBX 73. The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00.

NewRiver REIT (LON:NRR - Get Free Report) last released its earnings results on Tuesday, June 3rd. The real estate investment trust reported GBX 6.30 ($0.08) earnings per share for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. Equities analysts forecast that NewRiver REIT will post 7.4795268 EPS for the current fiscal year.

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.