Supermarket Income REIT (LON:SUPR) Trading Down 0.4% – Here’s Why

Supermarket Income REIT (LON:SUPR)’s share price fell 0.4% during mid-day trading on Monday . The company traded as low as GBX 81.35 and last traded at GBX 81.65. 4,437,670 shares were traded during trading, a decline of 72% from the average session volume of 15,852,355 shares. The stock had previously closed at GBX 81.96.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SUPR. Stifel Nicolaus restated a “buy” rating and set a GBX 95 price target on shares of Supermarket Income REIT in a research note on Wednesday, March 11th. The Goldman Sachs Group cut their price target on Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating for the company in a research note on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Supermarket Income REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 86.25.

Supermarket Income REIT Trading Up 0.1%

The stock has a 50 day moving average of GBX 82.47 and a 200-day moving average of GBX 82.37. The company has a market capitalization of £1.01 billion, a P/E ratio of 16.47, a P/E/G ratio of 15.09 and a beta of 0.59. The company has a current ratio of 1.73, a quick ratio of 1.95 and a debt-to-equity ratio of 80.37.

Supermarket Income REIT (LON:SUPR) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. Supermarket Income REIT had a return on equity of 5.56% and a net margin of 54.91%. On average, research analysts predict that Supermarket Income REIT will post 6.0284281 EPS for the current year.

Insider Buying and Selling

In related news, insider Frances Davies acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of GBX 84 per share, for a total transaction of £25,200. Also, insider Sapna Shah acquired 47,380 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of GBX 84 per share, with a total value of £39,799.20. Over the last quarter, insiders have purchased 95,280 shares of company stock valued at $8,003,520. 0.22% of the stock is currently owned by corporate 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.