Newriver Reit PLC (NRR) Earns Buy Rating from Peel Hunt
Newriver Reit PLC (LON:NRR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a note issued to investors on Thursday. They presently have a GBX 345 ($4.28) target price on the real estate investment trust’s stock. Peel Hunt’s target price indicates a potential upside of 3.06% from the stock’s current price.
Separately, Liberum Capital reissued a “buy” rating and issued a GBX 340 ($4.22) price target on shares of Newriver Reit PLC in a report on Thursday, August 18th.
Newriver Reit PLC (LON:NRR) opened at 334.00 on Thursday. Newriver Reit PLC has a 12-month low of GBX 269.00 and a 12-month high of GBX 362.00. The firm has a 50-day moving average of GBX 316.06 and a 200 day moving average of GBX 316.06. The company’s market capitalization is GBX 780.05 million.
The business also recently declared a dividend, which will be paid on Friday, January 27th. Investors of record on Thursday, December 29th will be issued a GBX 5 ($0.06) dividend. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, December 29th.
About Newriver Reit PLC
NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.
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