Supermarket Income REIT (LON:SUPR) Releases Earnings Results

Key Points

• Supermarket Income REIT reported earnings of GBX 6 per share for the quarter, alongside a negative net margin of 19.76% and a return on equity of -1.89%.
• The company's market capitalization stands at £977.05 million with a notably high price-to-earnings (P/E) ratio of 1,400.00.
• Insiders have been actively buying shares, with significant purchases made at an average price of GBX 78, reflecting confidence in the company's future performance.

Supermarket Income REIT (LON:SUPR - Get Free Report) issued its earnings results on Wednesday. The company reported GBX 6 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Supermarket Income REIT had a negative net margin of 19.76% and a negative return on equity of 1.89%.

Supermarket Income REIT Stock Down 0.1%

SUPR stock traded down GBX 0.10 during mid-day trading on Friday, hitting GBX 78. 5,401,923 shares of the company were exchanged, compared to its average volume of 4,795,326. The company has a debt-to-equity ratio of 62.01, a quick ratio of 1.95 and a current ratio of 0.50. The firm has a market cap of £972.07 million, a P/E ratio of 1,392.86, a P/E/G ratio of 15.09 and a beta of 0.31. The firm's 50 day simple moving average is GBX 79.63 and its 200 day simple moving average is GBX 79.32. Supermarket Income REIT has a 1-year low of GBX 65.20 and a 1-year high of GBX 87.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated an "add" rating and issued a GBX 85 price target on shares of Supermarket Income REIT in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 85.

Insider Buying and Selling

In other Supermarket Income REIT news, insider Andrew Nicholas Hewson acquired 41,000 shares of the stock in a transaction dated Thursday, July 24th. The shares were bought at an average cost of GBX 78 per share, for a total transaction of £31,980. Also, insider Sapna Shah acquired 63,945 shares of Supermarket Income REIT stock in a transaction on Thursday, July 24th. The shares were bought at an average cost of GBX 78 per share, with a total value of £49,877.10. 0.19% of the stock is owned by company insiders.

Supermarket Income REIT Company Profile

Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. The Company's supermarkets are let to leading supermarket operators in the UK and Europe, diversified by both tenant and geography. The Company's assets earn long-dated, secure, inflation-linked, growing income.