Supermarket Income REIT (LON:SUPR) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Supermarket Income REIT (LON:SUPR) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 86.19 and traded as low as GBX 85.10. Supermarket Income REIT shares last traded at GBX 85.40, with a volume of 2,854,636 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SUPR shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 89 price objective on shares of Supermarket Income REIT in a research report on Thursday, July 2nd. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and boosted their target price for the stock from GBX 90 to GBX 100 in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 93.

Supermarket Income REIT Trading Up 0.5%

The company has a fifty day simple moving average of GBX 86.26 and a two-hundred day simple moving average of GBX 84.40. The company has a market capitalization of £1.07 billion, a P/E ratio of 17.52, 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.

Insiders Place Their Bets

In related news, insider Sapna Shah bought 48,192 shares of Supermarket Income REIT stock in a transaction that occurred on Wednesday, July 15th. The stock was purchased at an average cost of GBX 83 per share, for a total transaction of £39,999.36. Also, insider Roger Blundell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of GBX 86, for a total value of £43,000. Insiders purchased 206,576 shares of company stock worth $17,145,808 in the last three months. 0.26% of the stock is owned by insiders.

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.