Newriver Reit PLC (LON:NRR) announced a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, December 28th will be paid a dividend of GBX 5.25 ($0.07) per share by the real estate investment trust on Friday, February 9th. This represents a yield of 1.65%. The ex-dividend date of this dividend is Thursday, December 28th. The official announcement can be seen at this link.
Shares of Newriver Reit (NRR) opened at GBX 338.70 ($4.53) on Wednesday. Newriver Reit has a 12-month low of GBX 309.20 ($4.13) and a 12-month high of GBX 374.50 ($5.01). The company has a market cap of $1,030.00 and a PE ratio of 2,258.00.
A number of research analysts have commented on the company. Liberum Capital restated a “buy” rating and set a GBX 370 ($4.95) price target on shares of Newriver Reit in a research note on Thursday, September 7th. Peel Hunt lowered Newriver Reit to an “add” rating and set a GBX 365 ($4.88) price objective on the stock. in a report on Wednesday, November 22nd. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 385 ($5.15) target price on shares of Newriver Reit in a research note on Wednesday, November 22nd.
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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