NewRiver REIT (LON:NRR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

NewRiver REIT plc (LON:NRR)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 78.80 ($0.96) and traded as low as GBX 69.60 ($0.85). NewRiver REIT shares last traded at GBX 69.60 ($0.85), with a volume of 1,089,834 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a research note on Thursday, December 12th.

NewRiver REIT Stock Performance

The company has a debt-to-equity ratio of 103.07, a quick ratio of 3.00 and a current ratio of 5.40. The company has a 50 day moving average price of GBX 76.35 and a 200 day moving average price of GBX 78.79. The company has a market capitalization of £261.54 million, a PE ratio of 6,960.00, a PEG ratio of -3.14 and a beta of 1.10.

NewRiver REIT Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Thursday, December 19th will be issued a GBX 3 ($0.04) dividend. This represents a yield of 3.82%. The ex-dividend date of this dividend is Thursday, December 19th. NewRiver REIT’s dividend payout ratio is presently 70,000.00%.

Insiders Place Their Bets

In other NewRiver REIT news, insider Will Hobman sold 62,865 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of GBX 79 ($0.96), for a total value of £49,663.35 ($60,639.01). 7.73% of the stock is currently owned by corporate insiders.

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.