Supermarket Income REIT’s (SUPR) Buy Rating Reiterated at Jefferies Financial Group

Supermarket Income REIT (LON:SUPR)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They presently have a GBX 90 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 8.96% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Supermarket Income REIT from GBX 92 to GBX 91 and set a “hold” rating on the stock in a research note on Friday, October 2nd. Peel Hunt upgraded Supermarket Income REIT to a “buy” rating and increased their price target for the company from GBX 90 to GBX 100 in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 92.80.

Supermarket Income REIT Stock Up 1.1%

Shares of SUPR opened at GBX 82.60 on Thursday. The company’s fifty day moving average is GBX 83.61 and its 200-day moving average is GBX 83.97. Supermarket Income REIT has a 12 month low of GBX 76.80 and a 12 month high of GBX 89.40. The firm has a market cap of £1.13 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59.

Supermarket Income REIT (LON:SUPR) last released its quarterly earnings results on Wednesday, September 16th. The company reported GBX 5.70 earnings per share for the quarter. Supermarket Income REIT had a net margin of 75.21% and a return on equity of 7.76%. As a group, research analysts predict that Supermarket Income REIT will post 6.03 earnings per share for the current fiscal year.

Insider Transactions at Supermarket Income REIT

In related news, insider Mike Perkins acquired 18,284 shares of the stock in a transaction dated Monday, September 28th. The shares were acquired at an average price of GBX 84 per share, for a total transaction of £15,358.56. Also, insider Roger Blundell sold 50,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of GBX 86, for a total transaction of £43,000. Corporate insiders own 0.26% of the company’s stock.

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.