Supermarket Income REIT (LON:SUPR) Trading Down 2.8% – Here’s What Happened

Supermarket Income REIT (LON:SUPR)’s share price was down 2.8% during mid-day trading on Thursday . The company traded as low as GBX 83.40 and last traded at GBX 83.70. Approximately 150,737,578 shares were traded during mid-day trading, an increase of 1,018% from the average daily volume of 13,477,473 shares. The stock had previously closed at GBX 86.10.

Analyst Ratings Changes

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

Supermarket Income REIT Stock Performance

The company has a current ratio of 0.50, a quick ratio of 1.95 and a debt-to-equity ratio of 62.01. The stock has a market capitalization of £1.04 billion, a P/E ratio of 17.08, a P/E/G ratio of 15.09 and a beta of 0.31. The company’s 50-day moving average is GBX 81.63 and its two-hundred day moving average is GBX 80.27.

Insider Buying and Selling

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