NewRiver REIT (LON:NRR) Stock Passes Below 200-Day Moving Average on Insider Selling

Shares of NewRiver REIT plc (LON:NRR) passed below its 200-day moving average during trading on Wednesday following insider selling activity. The stock has a 200-day moving average of GBX 72.93 ($0.99) and traded as low as GBX 69.20 ($0.94). NewRiver REIT shares last traded at GBX 71 ($0.96), with a volume of 591,439 shares changing hands.

Specifically, insider Will Hobman sold 66,339 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of GBX 70, for a total value of £46,437.30.

Analysts Set New Price Targets

NRR has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 90 price target on shares of NewRiver REIT in a research note on Thursday. Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 90.

NewRiver REIT Trading Up 1.0%

The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00. The firm has a market capitalization of £305.44 million, a PE ratio of 1,138.10, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The business’s 50-day moving average price is GBX 71.99 and its 200-day moving average price is GBX 72.93.

NewRiver REIT Company Profile

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.