Supermarket Income REIT (LON:SUPR – Get Free Report) announced its earnings results on Wednesday. The company reported GBX 5.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Supermarket Income REIT had a net margin of 54.91% and a return on equity of 5.56%.
Supermarket Income REIT Trading Up 2.1%
Supermarket Income REIT stock traded up GBX 1.70 during midday trading on Wednesday, hitting GBX 84.15. 4,282,952 shares of the stock were exchanged, compared to its average volume of 13,300,015. Supermarket Income REIT has a fifty-two week low of GBX 76.22 and a fifty-two week high of GBX 89.40. The stock has a market capitalization of £1.15 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 15.09 and a beta of 0.59. The stock’s 50-day simple moving average is GBX 85.48 and its 200 day simple moving average is GBX 84.16. The company has a current ratio of 1.73, a quick ratio of 1.95 and a debt-to-equity ratio of 80.37.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SUPR shares. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and raised their price target for the stock from GBX 90 to GBX 100 in a research note 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 research 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 company has an average rating of “Moderate Buy” and an average target price of GBX 93.
Insider Activity at Supermarket Income REIT
In other news, insider Roger Blundell sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of GBX 86, for a total transaction of £43,000. Also, insider Cathryn Vanderspar purchased 24,096 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were purchased at an average price of GBX 83 per share, with a total value of £19,999.68. Insiders bought 236,963 shares of company stock valued at $19,637,542 over the last ninety days. Corporate insiders own 0.25% 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. SUPR targets a progressive dividend and the potential for long term capital growth.
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