NewRiver REIT (LON:NRR) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of NewRiver REIT plc (LON:NRR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 78.80 ($0.96) and traded as low as GBX 69.60 ($0.85). NewRiver REIT shares last traded at GBX 69.60 ($0.85), with a volume of 1,089,834 shares.

Wall Street Analyst Weigh In

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

NewRiver REIT Stock Performance

The firm has a fifty day moving average price of GBX 76.54 and a two-hundred day moving average price of GBX 78.80. The company has a debt-to-equity ratio of 103.07, a current ratio of 5.40 and a quick ratio of 3.00. The stock has a market capitalization of £261.54 million, a PE ratio of 6,960.00, a P/E/G ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

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

Insider Activity

In other news, insider Will Hobman sold 62,865 shares of NewRiver REIT stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.96), for a total transaction of £49,663.35 ($60,639.01). Insiders own 7.73% of the company’s stock.

About NewRiver REIT

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.