Peel Hunt restated their buy rating on shares of Newriver Reit PLC (LON:NRR) in a research report report published on Friday, July 14th. Peel Hunt currently has a GBX 365 ($4.81) target price on the real estate investment trust’s stock.
Separately, Liberum Capital lifted their price objective on Newriver Reit PLC from GBX 355 ($4.68) to GBX 370 ($4.88) and gave the company a buy rating in a research note on Thursday, July 6th.
Newriver Reit PLC (LON:NRR) opened at 344.50 on Friday. Newriver Reit PLC has a 52-week low of GBX 299.40 and a 52-week high of GBX 374.50. The firm’s 50-day moving average is GBX 349.45 and its 200-day moving average is GBX 340.97. The company’s market capitalization is GBX 806.04 million.
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The firm also recently disclosed a dividend, which was paid on Friday, August 4th. Stockholders of record on Thursday, June 15th were paid a GBX 8.25 ($0.11) dividend. This is a positive change from Newriver Reit PLC’s previous dividend of $5.00. The ex-dividend date of this dividend was Thursday, June 15th. This represents a dividend yield of 2.39%.
In related news, insider Allan Lockhart sold 54,337 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of GBX 348 ($4.59), for a total transaction of £189,092.76 ($249,429.84). Also, insider David Lockhart sold 76,841 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of GBX 347 ($4.58), for a total value of £266,638.27 ($351,719.13). In the last ninety days, insiders sold 143,178 shares of company stock valued at $49,761,103.
Newriver Reit PLC 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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