NewRiver REIT (LON:NRR) Reaches New 1-Year High – Time to Buy?

NewRiver REIT plc (LON:NRR)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 82.20 and last traded at GBX 81.50, with a volume of 8624180 shares. The stock had previously closed at GBX 80.80.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a research note on Tuesday, June 23rd. Berenberg Bank restated a “buy” rating and issued a GBX 98 price target on shares of NewRiver REIT in a report on Tuesday, June 2nd. Panmure Gordon reaffirmed a “buy” rating and set a GBX 100 price objective on shares of NewRiver REIT in a research note on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 96 target price on shares of NewRiver REIT in a research report on Friday, April 17th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, NewRiver REIT currently has an average rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Price Performance

The company has a market capitalization of £351.00 million, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62. The company has a quick ratio of 3.00, a current ratio of 73.44 and a debt-to-equity ratio of 113.05. The company has a 50 day simple moving average of GBX 77.72 and a 200 day simple moving average of GBX 75.08.

NewRiver REIT (LON:NRR) last issued its earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 earnings per share (EPS) for the quarter. NewRiver REIT had a return on equity of 6.98% and a net margin of 24.37%.The business had revenue of £131 million during the quarter. As a group, research analysts predict that NewRiver REIT plc will post 7.4795268 EPS for the current year.

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.