NewRiver REIT Announces Strategic Share Buyback Plan

NewRiver REIT ( (GB:NRR) ) just unveiled an announcement.

NewRiver REIT has announced a proposed buyback of up to 47.7 million shares from Growthpoint Properties Limited at 75 pence per share. This move is seen as a strategic allocation of capital, expected to increase the company’s net tangible assets and funds from operations per share, despite temporarily raising its loan-to-value ratio above the medium-term guidance.

The most recent analyst rating on (GB:NRR) stock is a Buy with a £90.00 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 strong financial performance and attractive valuation are key strengths, supported by strategic corporate actions. However, technical indicators suggest bearish momentum, and high leverage remains a concern.

To see Spark’s full report on GB:NRR stock, click here.

More about NewRiver REIT

NewRiver REIT plc is a leading Real Estate Investment Trust specializing in acquiring, managing, and developing resilient retail assets across the UK. With a portfolio valued at £0.8 billion, it includes 27 community shopping centers and 13 retail parks focused on essential goods and services. Additionally, NewRiver manages assets worth £2.4 billion, aiming to deliver long-term income returns and capital growth.

Average Trading Volume: 864,649

Technical Sentiment Signal: Sell

Current Market Cap: £335.1M

See more insights into NRR stock on TipRanks’ Stock Analysis page.