Insider Selling: NewRiver REIT plc (LON:NRR) Insider Sells 62,865 Shares of Stock

NewRiver REIT plc (LON:NRR) insider Will Hobman sold 62,865 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of GBX 79 ($0.99), for a total transaction of £49,663.35 ($62,438.21).

NewRiver REIT Stock Performance

Shares of LON NRR opened at GBX 78 ($0.98) on Thursday. NewRiver REIT plc has a 12 month low of GBX 67.50 ($0.85) and a 12 month high of GBX 86 ($1.08). The stock has a 50 day moving average of GBX 78.75 and a 200-day moving average of GBX 78.67. The company has a current ratio of 5.40, a quick ratio of 3.00 and a debt-to-equity ratio of 103.07. The company has a market capitalization of £293.11 million, a P/E ratio of 7,800.00, a P/E/G ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Thursday, December 19th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 3.82%. NewRiver REIT’s dividend payout ratio (DPR) is 70,000.00%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a report on Thursday, December 12th.

NewRiver REIT Company Profile

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.