Insider Buying: Supermarket Income REIT (LON:SUPR) Insider Purchases £9,960 in Stock

Supermarket Income REIT (LON:SUPR) insider Andrew Nicholas Hewson acquired 12,000 shares of Supermarket Income REIT stock in a transaction that occurred on Wednesday, July 15th. The shares were purchased at an average price of GBX 83 per share, with a total value of £9,960.

Supermarket Income REIT Stock Performance

Shares of LON SUPR traded up GBX 2.55 during midday trading on Friday, reaching GBX 88.05. 5,651,045 shares of the stock were exchanged, compared to its average volume of 15,444,572. The company has a quick ratio of 1.95, a current ratio of 1.73 and a debt-to-equity ratio of 80.37. Supermarket Income REIT has a twelve month low of GBX 76.22 and a twelve month high of GBX 89.40. The firm has a 50-day simple moving average of GBX 84.64 and a two-hundred day simple moving average of GBX 83.95. The firm has a market cap of £1.10 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 15.09 and a beta of 0.59.

Wall Street Analysts Forecast Growth

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