Supermarket Income REIT (LON:SUPR) Announces Quarterly Earnings Results

Supermarket Income REIT (LON:SUPR) released its quarterly earnings data on Wednesday. The company reported GBX 5.70 EPS for the quarter, Digital Look Earnings reports. Supermarket Income REIT had a return on equity of 5.56% and a net margin of 54.91%.

Supermarket Income REIT Price Performance

LON SUPR opened at GBX 84 on Wednesday. The company has a 50-day moving average price of GBX 85.48 and a 200-day moving average price of GBX 84.16. Supermarket Income REIT has a 52 week low of GBX 76.22 and a 52 week high of GBX 89.40. The company has a quick ratio of 1.95, a current ratio of 1.73 and a debt-to-equity ratio of 80.37. The firm has a market capitalization of £1.15 billion, a P/E ratio of 17.14, a PEG ratio of 15.09 and a beta of 0.59.

Insider Buying and Selling

In other Supermarket Income REIT news, insider Sapna Shah bought 48,192 shares of Supermarket Income REIT stock in a transaction on Wednesday, July 15th. The stock was acquired at an average cost of GBX 83 per share, with a total value of £39,999.36. Also, insider Roger Blundell sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of GBX 86, for a total transaction of £43,000. Insiders have bought a total of 206,576 shares of company stock valued at $17,145,808 in the last 90 days. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 89 price target on shares of Supermarket Income REIT in a report on Thursday, July 2nd. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and boosted their price objective for the company from GBX 90 to GBX 100 in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Supermarket Income REIT presently has an average rating of “Moderate Buy” and a consensus price target of GBX 93.

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.