NewRiver REIT (LON:NRR) Reaches New 52-Week High – Still a Buy?

Shares of NewRiver REIT plc (LON:NRR) reached a new 52-week high on Thursday . The company traded as high as GBX 84 and last traded at GBX 82.90, with a volume of 357882 shares trading hands. The stock had previously closed at GBX 82.80.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Shore Capital Group reissued a “house stock” rating on shares of NewRiver REIT in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 92 price target on shares of NewRiver REIT in a report on Wednesday. Panmure Gordon reiterated a “buy” rating and issued a GBX 100 price target on shares of NewRiver REIT in a research report on Friday, May 1st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 98 price objective on shares of NewRiver REIT in a research note on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, NewRiver REIT has an average rating of “Buy” and a consensus price target of GBX 96.67.

NewRiver REIT Trading Up 0.1%

The company has a debt-to-equity ratio of 113.05, a current ratio of 73.44 and a quick ratio of 3.00. The stock has a 50-day moving average price of GBX 78.43 and a two-hundred day moving average price of GBX 75.49. The stock has a market cap of £357.03 million, a PE ratio of 11.68, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62.

NewRiver REIT (LON:NRR) last posted its earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 EPS for the quarter. The company had revenue of £131 million for the quarter. NewRiver REIT had a return on equity of 6.98% and a net margin of 24.37%. Sell-side analysts forecast that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal 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.