NewRiver REIT (LON:NRR) Hits New 1-Year High – Still a Buy?

NewRiver REIT plc (LON:NRR)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 85 and last traded at GBX 81.90, with a volume of 305237 shares trading hands. The stock had previously closed at GBX 82.20.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday, July 28th. Panmure Gordon reissued a “buy” rating and set a GBX 100 target price on shares of NewRiver REIT in a research report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a GBX 92 target price on shares of NewRiver REIT in a research note on Wednesday, July 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 98 price target on shares of NewRiver REIT in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 96.67.

NewRiver REIT Price Performance

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 firm has a market capitalization of £352.72 million, a price-to-earnings ratio of 11.54, a P/E/G ratio of -3.14 and a beta of 0.62. The company has a fifty day moving average price of GBX 78.88 and a two-hundred day moving average price of GBX 75.90.

NewRiver REIT (LON:NRR) last announced its earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 EPS for the quarter. The business had revenue of £131 million for the quarter. NewRiver REIT had a net margin of 24.37% and a return on equity of 6.98%. On average, equities research analysts expect that NewRiver REIT plc will post 7.4795268 EPS 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.