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NewRiver REIT ( (GB:NRR) ) has provided an update.
Fitch Ratings has affirmed NewRiver REIT plc’s Long-Term Issuer Default Rating at ‘BBB’ with a Stable Outlook, and its senior unsecured rating at ‘BBB+’. This affirmation, which includes a £300 million unsecured bond due in 2028, underscores NewRiver’s stable financial position and creditworthiness, reflecting positively on its operations and market confidence. The ratings are significant for stakeholders as they indicate the company’s ability to maintain financial stability and manage its debt obligations effectively.
The most recent analyst rating on (GB:NRR) stock is a Hold with a £74.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
Spark’s Take on GB:NRR Stock
According to Spark, TipRanks’ AI Analyst, GB:NRR is a Neutral.
NewRiver REIT’s overall score reflects strong financial performance with robust revenue growth and profitability, tempered by high leverage risks. The technical analysis indicates potential bearish trends, while the valuation suggests the stock may be undervalued with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:NRR stock, click here.
More about NewRiver REIT
NewRiver REIT plc is a prominent Real Estate Investment Trust in the UK, focusing on acquiring, managing, and developing resilient retail assets. Following its acquisition of Capital & Regional in December 2024, NewRiver’s UK portfolio is valued at £0.8 billion, covering 7.9 million sq ft, and includes 27 community shopping centres and 13 retail parks. The company manages additional assets for Capital Partners, bringing its total Assets Under Management to £2.4 billion. NewRiver aims to maintain a resilient retail portfolio to deliver long-term income returns and capital growth for shareholders. It is listed on the London Stock Exchange under the ticker NRR.
Average Trading Volume: 916,840
Technical Sentiment Signal: Sell
Current Market Cap: £302.9M
For a thorough assessment of NRR stock, go to TipRanks’ Stock Analysis page.