Newriver Reit (NRR) PT Raised to GBX 310

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Newriver Reit (LON:NRR) had its target price lifted by Liberum Capital from GBX 300 ($3.92) to GBX 310 ($4.05) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on NRR. Peel Hunt reissued an add rating on shares of Newriver Reit in a research report on Wednesday, May 8th. Barclays decreased their target price on Newriver Reit from GBX 260 ($3.40) to GBX 250 ($3.27) and set an equal weight rating for the company in a research report on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Newriver Reit has a consensus rating of Buy and a consensus target price of GBX 300 ($3.92).

Shares of LON:NRR opened at GBX 217 ($2.84) on Thursday. Newriver Reit has a 52-week low of GBX 192.40 ($2.51) and a 52-week high of GBX 305 ($3.99). The company has a market capitalization of $653.60 million and a PE ratio of 34.44. The company has a debt-to-equity ratio of 59.37, a current ratio of 1.08 and a quick ratio of 1.08.

The company also recently announced a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 20th will be given a GBX 5.40 ($0.07) dividend. This represents a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, June 20th. Newriver Reit’s dividend payout ratio is currently 3.49%.

Newriver Reit Company Profile

NewRiver REIT plc (?NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.4 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 21 conveniently located retail parks and over 600 community pubs.

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Analyst Recommendations for Newriver Reit (LON:NRR)

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