Insider Buying: Supermarket Income REIT (LON:SUPR) Insider Acquires 24,096 Shares

Supermarket Income REIT (LON:SUPR) insider Cathryn Vanderspar purchased 24,096 shares of the company’s stock in a transaction dated Wednesday, July 15th. The stock was purchased at an average cost of GBX 83 per share, with a total value of £19,999.68.

Supermarket Income REIT Trading Up 2.3%

Shares of SUPR stock traded up GBX 1.95 during trading on Friday, hitting GBX 87.45. 12,045,941 shares of the stock traded hands, compared to its average volume of 15,491,594. The firm has a market capitalization of £1.09 billion, a P/E ratio of 17.85, a price-to-earnings-growth 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 firm’s fifty day moving average price is GBX 84.52 and its 200-day moving average price is GBX 83.92. Supermarket Income REIT has a 52-week low of GBX 76.22 and a 52-week high of GBX 89.40.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group reduced their target price on Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 89 price target on shares of Supermarket Income REIT in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 89.25.

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.