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

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

Supermarket Income REIT Price Performance

Shares of LON SUPR traded up GBX 2 during mid-day trading on Wednesday, reaching GBX 84.45. 3,637,146 shares of the company traded hands, compared to its average volume of 13,296,387. Supermarket Income REIT has a fifty-two week low of GBX 76.22 and a fifty-two week high of GBX 89.40. The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95. The firm has a market cap of £1.15 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59. The stock has a fifty day simple moving average of GBX 85.48 and a 200-day simple moving average of GBX 84.16.

Insider Transactions at Supermarket Income REIT

In other news, insider Sapna Shah purchased 48,192 shares of the firm’s stock in a transaction on Wednesday, July 15th. The stock was purchased at an average cost of GBX 83 per share, with a total value of £39,999.36. Also, insider Andrew Nicholas Hewson purchased 12,000 shares of the stock in a transaction dated Wednesday, July 15th. The shares were purchased at an average price of GBX 83 per share, for a total transaction of £9,960. Insiders acquired a total of 206,576 shares of company stock valued at $17,145,808 over the last three months. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SUPR shares. Peel Hunt upgraded Supermarket Income REIT to a “buy” rating and raised their target price for the company from GBX 90 to GBX 100 in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 89 price target on shares of Supermarket Income REIT in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Supermarket Income REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 93.

Supermarket Income REIT Company Profile

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.