Shares of Newriver Reit PLC (LON:NRR) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 222.50 ($2.91) and last traded at GBX 224 ($2.93), with a volume of 288943 shares changing hands. The stock had previously closed at GBX 228 ($2.98).
NRR has been the subject of several research reports. Barclays downgraded shares of Newriver Reit to an “equal weight” rating in a research report on Wednesday, November 7th. Liberum Capital reiterated a “buy” rating on shares of Newriver Reit in a report on Wednesday, September 19th. Finally, Peel Hunt reiterated an “add” rating on shares of Newriver Reit in a report on Wednesday, October 31st.
The business also recently declared a dividend, which will be paid on Friday, February 8th. Stockholders of record on Thursday, December 27th will be issued a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a dividend yield of 2.35%.
About Newriver Reit (LON:NRR)
NewRiver REIT pic (ticker: NRR) is a premium listed REIT on the London Stock Exchange and a constituent of the FTSE 250 and EPRA indices. The Company is a specialist real estate investor, asset manager and developer focused solely on the UK retail and leisure sector. Founded in 2009, NewRiver is one of the UK's largest owner/managers of convenience-led shopping centres with assets under management of £1.3 billion principally comprising 33 UK wide shopping centres together with further nationwide retail and leisure assets.
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