Supermarket Income REIT (LON:SUPR) Stock Price Down 0.4% – What’s Next?

Supermarket Income REIT (LON:SUPR)’s share price fell 0.4% during trading on Monday . The company traded as low as GBX 81.35 and last traded at GBX 81.65. 4,437,670 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 15,852,355 shares. The stock had previously closed at GBX 81.96.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SUPR. The Goldman Sachs Group dropped their target price on Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating for the company in a report on Monday, March 30th. Stifel Nicolaus restated a “buy” rating and set a GBX 95 price objective on shares of Supermarket Income REIT in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Supermarket Income REIT has a consensus rating of “Moderate Buy” and an average target price of GBX 86.25.

Supermarket Income REIT Trading Down 0.4%

The stock has a fifty day moving average of GBX 82.79 and a 200-day moving average of GBX 82.37. The company has a debt-to-equity ratio of 80.37, a quick ratio of 1.95 and a current ratio of 1.73. The company has a market cap of £1.02 billion, a PE ratio of 16.66, a PEG ratio of 15.09 and a beta of 0.59.

Supermarket Income REIT (LON:SUPR) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. Supermarket Income REIT had a return on equity of 5.56% and a net margin of 54.91%. Sell-side analysts anticipate that Supermarket Income REIT will post 6.0284281 EPS for the current fiscal year.

Insiders Place Their Bets

In other Supermarket Income REIT news, insider Sapna Shah acquired 47,380 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of GBX 84 per share, for a total transaction of £39,799.20. Also, insider Frances Davies acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of GBX 84 per share, with a total value of £25,200. In the last 90 days, insiders have purchased 95,280 shares of company stock valued at $8,003,520. 0.22% of the stock is owned by company 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.