Supermarket Income REIT’s (SUPR) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Supermarket Income REIT (LON:SUPR) in a research note issued to investors on Tuesday morning,Digital Look reports. They currently have a GBX 90 price objective on the stock.

SUPR has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Supermarket Income REIT from GBX 92 to GBX 91 and set a “hold” rating for the company in a report on Friday, October 2nd. Peel Hunt upgraded Supermarket Income REIT to a “buy” rating and lifted their price objective for the stock from GBX 90 to GBX 100 in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 92.80.

Supermarket Income REIT Stock Performance

LON:SUPR opened at GBX 84 on Tuesday. The stock has a market cap of £1.15 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59. Supermarket Income REIT has a one year low of GBX 76.80 and a one year high of GBX 89.40. The business’s 50-day simple moving average is GBX 82.99 and its 200 day simple moving average is GBX 84.06.

Supermarket Income REIT (LON:SUPR) last issued its quarterly earnings results on Wednesday, September 16th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Supermarket Income REIT had a net margin of 75.21% and a return on equity of 7.76%. On average, equities research analysts predict that Supermarket Income REIT will post 6.03 EPS for the current year.

Insider Activity at Supermarket Income REIT

In other Supermarket Income REIT news, insider Rob Abraham purchased 30,387 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were purchased at an average price of GBX 82 per share, for a total transaction of £24,917.34. Also, insider Mike Perkins purchased 18,284 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were acquired at an average price of GBX 84 per share, for a total transaction of £15,358.56. 0.26% of the stock is currently owned by corporate 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.