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

Supermarket Income REIT Stock Performance

Shares of LON SUPR traded up GBX 0.30 during mid-day trading on Thursday, hitting GBX 78.10. The company had a trading volume of 3,176,117 shares, compared to its average volume of 4,791,974. The stock has a market cap of £973.31 million, a price-to-earnings ratio of 1,394.64, a PEG ratio of 15.09 and a beta of 0.31. Supermarket Income REIT has a 12 month low of GBX 65.20 and a 12 month high of GBX 87. The company has a debt-to-equity ratio of 62.01, a current ratio of 0.50 and a quick ratio of 1.95. The firm's 50 day simple moving average is GBX 79.68 and its two-hundred day simple moving average is GBX 79.21.

Insider Activity at Supermarket Income REIT

In related news, insider Andrew Nicholas Hewson purchased 41,000 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average price of GBX 78 per share, with a total value of £31,980. Also, insider Sapna Shah purchased 63,945 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was bought at an average cost of GBX 78 per share, for a total transaction of £49,877.10. Company insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.