Supermarket Income REIT (LON:SUPR) Reaches New 52-Week High – Should You Buy?

Supermarket Income REIT (LON:SUPR)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 87 and last traded at GBX 86.10, with a volume of 468892 shares changing hands. The stock had previously closed at GBX 86.20.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group increased their price objective on Supermarket Income REIT from GBX 73 to GBX 77 and gave the stock a “hold” rating in a report on Tuesday, October 28th. Peel Hunt restated an “add” rating and set a GBX 85 price target on shares of Supermarket Income REIT in a research note on Thursday, November 20th. Finally, Stifel Nicolaus lifted their price objective on shares of Supermarket Income REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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 firm has a fifty day simple moving average of GBX 83.22 and a 200 day simple moving average of GBX 80.76. The company has a market cap of £1.08 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 15.09 and a beta of 0.31.

Insiders Place Their Bets

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

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.