Supermarket Income REIT (LON:SUPR) Insider Rob Abraham Purchases 30,387 Shares

Key Points

• Insider buying: Rob Abraham purchased 30,387 Supermarket Income REIT shares at GBX 82 each, worth approximately £24,917. He also bought 60,240 shares for nearly £50,000 in July.
• Share performance: SUPR shares rose 2.1% to GBX 84.15, giving the company a market capitalization of about £1.15 billion.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with three Buy ratings and one Hold rating; the average price target is GBX 93, while Peel Hunt recently raised its target to GBX 100.

Supermarket Income REIT (LON:SUPR - Get Free Report) insider Rob Abraham bought 30,387 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average cost of GBX 82 per share, for a total transaction of £24,917.34.

Rob Abraham also recently made the following trade(s):

• On Wednesday, July 15th, Rob Abraham acquired 60,240 shares of Supermarket Income REIT stock. The stock was acquired at an average cost of GBX 83 per share, for a total transaction of £49,999.20.

Supermarket Income REIT Stock Up 2.1%

Shares of LON:SUPR traded up GBX 1.70 during mid-day trading on Wednesday, hitting GBX 84.15. 4,282,952 shares of the company traded hands, compared to its average volume of 13,300,015. The stock has a 50-day moving average price of GBX 85.48 and a two-hundred day moving average price of 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 stock has a market cap of £1.15 billion, a P/E ratio of 17.17, 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, September 16th. The company reported GBX 5.70 earnings per share for the quarter. Supermarket Income REIT had a return on equity of 5.56% and a net margin of 54.91%. On average, equities research analysts forecast that Supermarket Income REIT will post 6.0284281 earnings per share for the current year.

Analyst Ratings Changes

SUPR has been the topic of several recent analyst reports. Peel Hunt raised shares of Supermarket Income REIT to a "buy" rating and lifted their target price for the stock 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 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.

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