Supermarket Income REIT (LON:SUPR) Shares Up 0.5% – Time to Buy?

Supermarket Income REIT (LON:SUPR)’s share price traded up 0.5% on Thursday . The company traded as high as GBX 81.30 and last traded at GBX 80.40. 3,412,031 shares traded hands during trading, a decline of 36% from the average session volume of 5,309,267 shares. The stock had previously closed at GBX 80.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Supermarket Income REIT from GBX 73 to GBX 77 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Stifel Nicolaus lifted their target price on Supermarket Income REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 85 price target on shares of Supermarket Income REIT in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Supermarket Income REIT currently has a consensus rating of “Moderate Buy” and an average target price of GBX 85.67.

Supermarket Income REIT Stock Performance

The company has a debt-to-equity ratio of 62.01, a current ratio of 0.50 and a quick ratio of 1.95. The company has a fifty day moving average price of GBX 80.07 and a 200 day moving average price of GBX 80.36. The stock has a market cap of £995.74 million, a P/E ratio of 16.31, a P/E/G ratio of 15.09 and a beta of 0.31.

Supermarket Income REIT (LON:SUPR) last issued its earnings results on Wednesday, September 17th. The company reported GBX 6 earnings per share (EPS) for the quarter. Supermarket Income REIT had a negative return on equity of 1.89% and a negative net margin of 19.76%. On average, equities analysts expect that Supermarket Income REIT will post 6.0284281 EPS for the current year.

Insider Transactions at Supermarket Income REIT

In other Supermarket Income REIT news, insider Mike Perkins purchased 15,089 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of GBX 79 per share, with a total value of £11,920.31. Also, insider Rob Abraham purchased 42,096 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of GBX 78 per share, with a total value of £32,834.88. Insiders have bought 79,318 shares of company stock valued at $6,201,893 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

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.