Supermarket Income REIT (LON:SUPR) Shares Pass Below Fifty Day Moving Average - Here's What Happened

Key Points

• Supermarket Income REIT shares fell below their 50-day moving average, trading as low as GBX 85.10 and last changing hands at GBX 85.40 on volume of about 2.85 million shares.
• Analyst sentiment remains positive: Peel Hunt upgraded the stock to “buy” and raised its target to GBX 100, while the consensus rating is “Moderate Buy” with an average target of GBX 93.
• Insiders have been buying shares, with executives acquiring 206,576 shares worth approximately £17.1 million over the past 90 days.

Supermarket Income REIT (LON:SUPR - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 86.19 and traded as low as GBX 85.10. Supermarket Income REIT shares last traded at GBX 85.40, with a volume of 2,854,636 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on SUPR. Peel Hunt raised Supermarket Income REIT to a "buy" rating and raised their target price for the stock from GBX 90 to GBX 100 in a research note 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 report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 93.

Supermarket Income REIT Stock Performance

The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95. The company has a market cap of £1.06 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 15.09 and a beta of 0.59. The firm has a 50 day simple moving average of GBX 86.19 and a 200-day simple moving average of GBX 84.39.

Insider Activity

In related news, insider Sapna Shah acquired 48,192 shares of Supermarket Income REIT stock in a transaction that occurred on Wednesday, July 15th. The shares were purchased at an average cost of GBX 83 per share, for a total transaction of £39,999.36. Also, insider Cathryn Vanderspar bought 24,096 shares of the firm's stock in a transaction on Wednesday, July 15th. The stock was bought at an average cost of GBX 83 per share, for a total transaction of £19,999.68. In the last ninety days, insiders acquired 206,576 shares of company stock worth $17,145,808. 0.26% of the stock is currently owned by corporate insiders.

About Supermarket Income REIT

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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