Insider Selling: Supermarket Income REIT (LON:SUPR) Insider Sells 50,000 Shares of Stock

Supermarket Income REIT (LON:SUPR) insider Roger Blundell sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of GBX 86, for a total value of £43,000.

Roger Blundell also recently made the following trade(s):

• On Wednesday, July 15th, Roger Blundell purchased 50,000 shares of Supermarket Income REIT stock. The shares were purchased at an average cost of GBX 83 per share, with a total value of £41,500.

Supermarket Income REIT Price Performance

SUPR traded up GBX 0.20 during midday trading on Friday, reaching GBX 85.60. 833,452 shares of the company’s stock were exchanged, compared to its average volume of 13,913,845. Supermarket Income REIT has a 1-year low of GBX 76.22 and a 1-year high of GBX 89.40. The stock has a market capitalization of £1.07 billion, a PE ratio of 17.47, a P/E/G ratio of 15.09 and a beta of 0.59. 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 business’s 50-day moving average price is GBX 86.19 and its 200 day moving average price is GBX 84.39.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SUPR. Peel Hunt raised Supermarket Income REIT to a “buy” rating and boosted their price target for the stock from GBX 90 to GBX 100 in a report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 89 price objective on shares of Supermarket Income REIT in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Supermarket Income REIT presently has an average rating of “Moderate Buy” and an average target price of GBX 93.

Supermarket Income REIT Company Profile

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.