Supermarket Income REIT (LON:SUPR) Trading Up 0.4% - Here's Why

Key Points

• Supermarket Income REIT's stock price rose by 0.4% and last traded at GBX 79.90 ($1.06), with a trading volume decline of 31% from the average daily volume.
• Analysts have given the stock a consensus rating of "Hold" with an average price target of GBX 79; Peel Hunt has set a higher target of GBX 85.
• The company reported GBX 6 earnings per share for the last quarter, and it has a market cap of approximately £995.74 million.

Supermarket Income REIT (LON:SUPR - Get Free Report)'s stock price was up 0.4% during trading on Tuesday . The stock traded as high as GBX 80.30 ($1.07) and last traded at GBX 79.90 ($1.06). Approximately 3,191,021 shares were traded during trading, a decline of 31% from the average daily volume of 4,643,507 shares. The stock had previously closed at GBX 79.60 ($1.06).

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SUPR shares. Peel Hunt reiterated an "add" rating and set a GBX 85 price target on shares of Supermarket Income REIT in a research note on Wednesday, October 8th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 73 price target on shares of Supermarket Income REIT in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 79.

Supermarket Income REIT Trading Up 0.4%

The firm has a market cap of £995.74 million, a PE ratio of 1,630.61, a P/E/G ratio of 15.09 and a beta of 0.31. The company's fifty day moving average price is GBX 78.86 and its two-hundred day moving average price is GBX 79.70. The company has a quick ratio of 1.95, a current ratio of 0.50 and a debt-to-equity ratio of 62.01.

Supermarket Income REIT (LON:SUPR - Get Free Report) last issued its earnings results on Wednesday, September 17th. The company reported GBX 6 earnings per share for the quarter. Supermarket Income REIT had a negative net margin of 19.76% and a negative return on equity of 1.89%. As a group, sell-side analysts forecast that Supermarket Income REIT will post 6.0284281 earnings per share for the current fiscal year.

Insider Transactions at Supermarket Income REIT

In other Supermarket Income REIT news, insider Andrew Nicholas Hewson bought 41,000 shares of the business's stock in a transaction on Thursday, July 24th. The stock was bought at an average price of GBX 78 per share, for a total transaction of £31,980. Also, insider Sapna Shah bought 63,945 shares of the business's stock in a transaction on Thursday, July 24th. The shares were acquired at an average price of GBX 78 per share, with a total value of £49,877.10. Insiders own 0.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.