Supermarket Income REIT (LON:SUPR – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported GBX 5.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Supermarket Income REIT had a return on equity of 5.56% and a net margin of 54.91%.
Supermarket Income REIT Stock Up 2.1%
Shares of SUPR traded up GBX 1.70 during mid-day trading on Wednesday, hitting GBX 84.15. 4,282,952 shares of the company’s stock were exchanged, compared to its average volume of 13,300,015. The company has a market cap of £1.15 billion, a PE ratio of 17.17, a P/E/G ratio of 15.09 and a beta of 0.59. Supermarket Income REIT has a 52 week low of GBX 76.22 and a 52 week high of GBX 89.40. The company has a 50-day simple moving average of GBX 85.41 and a 200 day simple moving average of GBX 84.13. The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on SUPR. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and lifted their price target for the company from GBX 90 to GBX 100 in a research note on Wednesday, August 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 89 price objective on shares of Supermarket Income REIT in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 93.
Insider Buying and Selling at Supermarket Income REIT
In other Supermarket Income REIT news, insider Rob Abraham bought 60,240 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average price of GBX 83 per share, with a total value of £49,999.20. Also, insider Cathryn Vanderspar purchased 24,096 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were acquired at an average cost of GBX 83 per share, for a total transaction of £19,999.68. Insiders have acquired a total of 236,963 shares of company stock valued at $19,637,542 in the last three months. 0.25% of the stock is currently owned by insiders.
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.
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