Supermarket Income REIT (LON:SUPR) Hits New 1-Year High – Still a Buy?

Supermarket Income REIT (LON:SUPR)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 88.70 and last traded at GBX 88.27, with a volume of 3207628 shares trading hands. The stock had previously closed at GBX 87.40.

Analyst Upgrades and Downgrades

SUPR has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price target on shares of Supermarket Income REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised their target price on shares of Supermarket Income REIT from GBX 73 to GBX 77 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Finally, Peel Hunt reiterated an “add” rating and set a GBX 85 price target on shares of Supermarket Income REIT in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, 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 stock’s fifty day moving average price is GBX 83.57 and its 200 day moving average price is GBX 80.86. The stock has a market cap of £1.09 billion, a P/E ratio of 17.92, a PEG ratio of 15.09 and a beta of 0.31. The company has a current ratio of 0.50, a quick ratio of 1.95 and a debt-to-equity ratio of 62.01.

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.