Supermarket Income REIT (LON:SUPR) Posts Earnings Results

Key Points

• Supermarket Income REIT reported quarterly EPS of GBX 5.70, with a 5.56% return on equity and a 54.91% net margin.
• The shares opened at GBX 83.77, giving the company a market capitalization of approximately £1.14 billion. The stock trades between a 12-month range of GBX 76.22 and GBX 89.40.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of GBX 93; Peel Hunt raised its target to GBX 100. Insiders have also purchased more than 206,000 shares over the past 90 days.

Supermarket Income REIT (LON:SUPR - Get Free Report) released its quarterly earnings results on Wednesday. The company reported GBX 5.70 earnings per share (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 Stock Performance

LON SUPR opened at GBX 83.77 on Wednesday. The stock has a market capitalization of £1.14 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 15.09 and a beta of 0.59. The business's 50 day moving average is GBX 85.48 and its two-hundred day moving average is GBX 84.16. Supermarket Income REIT has a 12-month low of GBX 76.22 and a 12-month high of GBX 89.40. The company has a current ratio of 1.73, a quick ratio of 1.95 and a debt-to-equity ratio of 80.37.

Insiders Place Their Bets

In other Supermarket Income REIT news, insider Rob Abraham acquired 60,240 shares of the business's stock in a transaction on Wednesday, July 15th. The stock was purchased at an average price of GBX 83 per share, for a total transaction of £49,999.20. Also, insider Andrew Nicholas Hewson bought 12,000 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 £9,960. Over the last ninety days, insiders acquired 206,576 shares of company stock worth $17,145,808. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SUPR shares. Peel Hunt raised Supermarket Income REIT to a "buy" rating and increased their price target for the stock from GBX 90 to GBX 100 in a report on Wednesday, August 5th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 89 price objective on shares of Supermarket Income REIT in a research note on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Supermarket Income REIT currently has a consensus rating of "Moderate Buy" and an average 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.