Newriver Reit (NRR) Hits New 52-Week Low at $306.50

Newriver Reit PLC (LON:NRR)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 306.50 ($4.16) and last traded at GBX 306.50 ($4.16), with a volume of 627753 shares changing hands. The stock had previously closed at GBX 310 ($4.20).

Several equities analysts recently commented on NRR shares. Berenberg Bank reiterated a “buy” rating and set a GBX 385 ($5.22) target price on shares of Newriver Reit in a research note on Wednesday, November 22nd. Liberum Capital reiterated a “buy” rating and set a GBX 370 ($5.02) target price on shares of Newriver Reit in a research note on Monday. Finally, Peel Hunt reiterated an “add” rating and set a GBX 365 ($4.95) target price on shares of Newriver Reit in a research note on Tuesday, December 5th.

The company has a market cap of $928.35 and a P/E ratio of 2,043.33.

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

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About Newriver Reit

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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