Supermarket Income REIT (LON:SUPR) Stock Price Down 0.4% – What’s Next?

Supermarket Income REIT (LON:SUPR) shares were down 0.4% during mid-day trading on Monday . The stock traded as low as GBX 81.35 and last traded at GBX 81.65. Approximately 4,437,670 shares changed hands during trading, a decline of 72% from the average daily volume of 15,852,355 shares. The stock had previously closed at GBX 81.96.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SUPR shares. The Goldman Sachs Group decreased their target price on Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Stifel Nicolaus restated a “buy” rating and set a GBX 95 price target on shares of Supermarket Income REIT in a report on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 86.25.

Supermarket Income REIT Price Performance

The firm has a market cap of £1.02 billion, a PE ratio of 16.66, a PEG ratio of 15.09 and a beta of 0.59. The firm has a fifty day simple moving average of GBX 82.79 and a two-hundred day simple moving average of GBX 82.37. The company has a debt-to-equity ratio of 80.37, a quick ratio of 1.95 and a current ratio of 1.73.

Supermarket Income REIT (LON:SUPR) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 2.70 earnings per share for the quarter. Supermarket Income REIT had a return on equity of 5.56% and a net margin of 54.91%. Equities analysts predict that Supermarket Income REIT will post 6.0284281 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Sapna Shah bought 47,380 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price of GBX 84 per share, for a total transaction of £39,799.20. Also, insider Frances Davies bought 30,000 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of GBX 84 per share, with a total value of £25,200. In the last quarter, insiders bought 95,280 shares of company stock valued at $8,003,520. Company insiders own 0.22% of the company’s stock.

Supermarket Income REIT Company Profile

Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), a FTSE 250 company, is the only LSE listed company dedicated to investing in grocery properties which are an essential part of national food infrastructure. The Company focuses on grocery stores which are predominantly omnichannel, fulfilling online and in-person sales and are let to leading supermarket operators in the UK and Europe.

The Company’s properties earn long-dated, secure, inflation-linked, growing income. SUPR targets a progressive dividend and the potential for long term capital growth.