Supermarket Income REIT (LON:SUPR) Shares Up 1.4% - Here's Why

Key Points

• Shares of Supermarket Income REIT rose by 1.4%, trading at GBX 78.50 ($1.06), with a total volume of 3,216,084 shares, down 32% from the average.
• Insider purchases include 41,000 shares by Andrew Hewson and 63,945 shares by Sapna Shah, both acquired at an average price of GBX 78 per share.
• The company's market capitalization stands at £978.30 million, with a high price-to-earnings ratio of 1,401.79.

Shares of Supermarket Income REIT (LON:SUPR - ) shot up 1.4% during mid-day trading on Wednesday . The company traded as high as GBX 78.50 ($1.06) and last traded at GBX 78.50 ($1.06). 3,216,084 shares changed hands during trading, a decline of 32% from the average session volume of 4,695,420 shares. The stock had previously closed at GBX 77.40 ($1.04).

Supermarket Income REIT Stock Performance

The stock's 50-day moving average is GBX 80.85 and its 200-day moving average is GBX 78.64. The firm has a market capitalization of £978.30 million, a price-to-earnings ratio of 1,401.79, a PEG ratio of 15.09 and a beta of 0.31. The company has a current ratio of 0.50, a quick ratio of 1.95 and a debt-to-equity ratio of 62.01.

Insider Activity at Supermarket Income REIT

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

About Supermarket Income REIT

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.

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