Supermarket Income REIT (LON:SUPR) Stock Price Down 0.3% – What’s Next?

Supermarket Income REIT (LON:SUPR) shares traded down 0.3% during trading on Friday . The company traded as low as GBX 83 and last traded at GBX 83.75. 3,016,921 shares traded hands during trading, a decline of 78% from the average session volume of 13,585,019 shares. The stock had previously closed at GBX 84.

Analyst Ratings Changes

SUPR has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 89 target price on shares of Supermarket Income REIT in a research note on Thursday, July 2nd. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and boosted their price objective for the company from GBX 90 to GBX 100 in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 93.

Supermarket Income REIT Stock Performance

The firm has a market cap of £1.04 billion, a PE ratio of 17.09, a P/E/G ratio of 15.09 and a beta of 0.59. The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95. The stock has a 50-day moving average price of GBX 86.26 and a 200 day moving average price of GBX 84.40.

Insider Transactions at Supermarket Income REIT

In related news, insider Sapna Shah acquired 48,192 shares of the company’s stock in a transaction dated Wednesday, July 15th. The stock was bought at an average price of GBX 83 per share, with a total value of £39,999.36. Also, insider Rob Abraham acquired 60,240 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were bought at an average price of GBX 83 per share, for a total transaction of £49,999.20. Insiders acquired 206,576 shares of company stock worth $17,145,808 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.

About Supermarket Income REIT

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.