Supermarket Income REIT (LON:SUPR) Shares Down 2.8% – Should You Sell?

Supermarket Income REIT (LON:SUPR)’s stock price was down 2.8% on Thursday . The company traded as low as GBX 83.40 and last traded at GBX 83.70. Approximately 150,737,578 shares traded hands during trading, an increase of 1,018% from the average daily volume of 13,477,473 shares. The stock had previously closed at GBX 86.10.

Analyst Ratings Changes

A number of brokerages have recently commented on SUPR. Peel Hunt reissued an “add” rating and issued a GBX 85 price objective on shares of Supermarket Income REIT in a research report on Thursday, November 20th. Jefferies Financial Group lifted their price target on shares of Supermarket Income REIT from GBX 73 to GBX 77 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus increased their price objective on shares of Supermarket Income REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 85.67.

Supermarket Income REIT Price Performance

The business has a fifty day moving average of GBX 81.74 and a two-hundred day moving average of GBX 80.28. The company has a debt-to-equity ratio of 62.01, a quick ratio of 1.95 and a current ratio of 0.50. The firm has a market capitalization of £1.04 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 15.09 and a beta of 0.31.

Insider Transactions at Supermarket Income REIT

In related news, insider Mike Perkins purchased 15,089 shares of the stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of GBX 79 per share, with a total value of £11,920.31. Also, insider Rob Abraham acquired 22,133 shares of Supermarket Income REIT stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of GBX 78 per share, with a total value of £17,263.74. In the last 90 days, insiders have bought 79,318 shares of company stock valued at $6,201,893. 0.22% 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.