Supermarket Income REIT (LON:SUPR) Sets New 52-Week High – Time to Buy?

Supermarket Income REIT (LON:SUPR)’s stock price reached a new 52-week high on Friday . The company traded as high as GBX 89.35 and last traded at GBX 88.85, with a volume of 445472 shares trading hands. The stock had previously closed at GBX 88.40.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 89 price target on shares of Supermarket Income REIT in a report on Thursday, July 2nd. The Goldman Sachs Group decreased their price objective on shares of Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating for the company in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 89.25.

Supermarket Income REIT Stock Up 0.7%

The company has a fifty day simple moving average of GBX 84.07 and a 200-day simple moving average of GBX 83.65. 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 cap of £1.11 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59.

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.