NewRiver REIT (NRR) Given “Add” Rating at Peel Hunt

Peel Hunt reiterated their add rating on shares of NewRiver REIT (LON:NRR) in a research report sent to investors on Tuesday morning. Peel Hunt currently has a GBX 365 ($4.91) target price on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. Berenberg Bank restated a buy rating and issued a GBX 385 ($5.18) target price on shares of NewRiver REIT in a research note on Wednesday, November 22nd. Liberum Capital restated a buy rating and issued a GBX 370 ($4.98) target price on shares of NewRiver REIT in a research note on Wednesday, November 22nd.

Shares of NewRiver REIT (LON NRR) traded down GBX 0.50 ($0.01) during trading on Tuesday, hitting GBX 317.40 ($4.27). The stock had a trading volume of 392,012 shares, compared to its average volume of 469,227. NewRiver REIT has a 1 year low of GBX 309.20 ($4.16) and a 1 year high of GBX 374.50 ($5.04).

The business also recently announced a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, December 28th will be paid a GBX 5.25 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 1.65%.

In other news, insider Mark Davies sold 133,390 shares of NewRiver REIT stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of GBX 359 ($4.83), for a total transaction of £478,870.10 ($644,508.88). Also, insider David Lockhart sold 524,931 shares of NewRiver REIT stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of GBX 338 ($4.55), for a total value of £1,774,266.78 ($2,387,976.82).

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NewRiver REIT Company Profile

NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.

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