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 earnings per share 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 Stock Up 1.6%

Supermarket Income REIT stock traded up GBX 1.35 on Wednesday, hitting GBX 83.80. 3,411,821 shares of the stock traded hands, compared to its average volume of 13,295,121. The business’s fifty day simple moving average is GBX 85.48 and its 200 day simple moving average is GBX 84.16. The firm has a market cap of £1.15 billion, a P/E ratio of 17.10, a price-to-earnings-growth 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 has a 1 year low of GBX 76.22 and a 1 year high of GBX 89.40.

Analyst Ratings Changes

SUPR has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 89 price objective on shares of Supermarket Income REIT in a research report on Thursday, July 2nd. Peel Hunt upgraded Supermarket Income REIT to a “buy” rating and lifted their price objective for the stock from GBX 90 to GBX 100 in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Supermarket Income REIT has a consensus rating of “Moderate Buy” and an average price target of GBX 93.

Insider Transactions at Supermarket Income REIT

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