Newriver Reit PLC (NRR) Announces GBX 5.40 Dividend
Newriver Reit PLC (LON:NRR) announced a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 20th will be paid a dividend of GBX 5.40 ($0.07) per share by the real estate investment trust on Friday, July 26th. This represents a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, June 20th. The official announcement can be viewed at this link.
Shares of NRR opened at GBX 217 ($2.84) on Friday. The company has a market cap of $656.61 million and a PE ratio of 34.44. Newriver Reit has a 1 year low of GBX 192.40 ($2.51) and a 1 year high of GBX 305 ($3.99). The company has a debt-to-equity ratio of 59.37, a quick ratio of 1.08 and a current ratio of 1.08.
Several research firms recently weighed in on NRR. Peel Hunt restated an “add” rating on shares of Newriver Reit in a report on Wednesday, May 8th. Liberum Capital restated a “buy” rating on shares of Newriver Reit in a report on Tuesday, March 12th. Finally, Barclays decreased their price target on Newriver Reit from GBX 260 ($3.40) to GBX 250 ($3.27) and set an “equal weight” rating on the stock in a report on Friday, February 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 300 ($3.92).
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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