Supermarket Income REIT (LON:SUPR) Share Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shares moved just above their 200-day moving average: Supermarket Income REIT reached GBX 84.60 and last traded at GBX 84.21, versus a 200-day average of GBX 84.06.
• Analyst sentiment is moderately positive: Three analysts rate the stock Buy and two Hold, with a consensus target price of GBX 92.80. Recent calls included a Peel Hunt upgrade and a lower Deutsche Bank target.
• The company reported quarterly EPS of GBX 5.70, while analysts expect full-year EPS of GBX 6.03. An insider bought 30,387 shares in September; another sold 50,000 shares in August.

Supermarket Income REIT (LON:SUPR - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 84.06 and traded as high as GBX 84.60. Supermarket Income REIT shares last traded at GBX 84.21, with a volume of 4,607,376 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 90 target price on shares of Supermarket Income REIT in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on Supermarket Income REIT from GBX 92 to GBX 91 and set a "hold" rating on the stock in a research note on Friday, October 2nd. Finally, Peel Hunt upgraded Supermarket Income REIT to a "buy" rating and boosted their price objective for the stock from GBX 90 to GBX 100 in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 92.80.

Supermarket Income REIT Trading Down 0.6%

The stock has a market capitalization of £1.15 billion, a PE ratio of 12.19, a PEG ratio of 15.09 and a beta of 0.59. The firm's 50-day simple moving average is GBX 83.02 and its two-hundred day simple moving average is GBX 84.06.

Supermarket Income REIT (LON:SUPR - Get Free Report) last released its earnings results on Wednesday, September 16th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Supermarket Income REIT had a return on equity of 7.76% and a net margin of 75.21%. As a group, research analysts expect that Supermarket Income REIT will post 6.03 earnings per share for the current year.

Insider Buying and Selling at Supermarket Income REIT

In other Supermarket Income REIT news, insider Rob Abraham bought 30,387 shares of the company's stock in a transaction dated Wednesday, September 16th. The shares were bought at an average price of GBX 82 per share, for a total transaction of £24,917.34. Also, insider Roger Blundell sold 50,000 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of GBX 86, for a total value of £43,000. Company insiders own 0.26% of the company's stock.

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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