Supermarket Income REIT (LON:SUPR) Sets New 52-Week High – What’s Next?

Supermarket Income REIT (LON:SUPR – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 89.40 and last traded at GBX 86.83, with a volume of 191079938 shares changing hands. The stock had previously closed at GBX 88.90.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SUPR. The Goldman Sachs Group decreased their target price on shares of Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 89 price target on shares of Supermarket Income REIT in a research note 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 89.25.

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Read Our Latest Analysis on SUPR

Supermarket Income REIT Trading Up 3.0%

The company has a debt-to-equity ratio of 80.37, a quick ratio of 1.95 and a current ratio of 1.73. The company has a market capitalization of £1.10 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59. The firm has a fifty day moving average price of GBX 84.64 and a 200-day moving average price of GBX 83.95.

Insider Buying and Selling at Supermarket Income REIT

In other news, insider Rob Abraham bought 60,240 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were purchased at an average cost of GBX 83 per share, with a total value of £49,999.20. Also, insider Mike Perkins bought 12,048 shares of the company’s stock in a transaction dated Wednesday, July 15th. The stock was purchased at an average price of GBX 83 per share, with a total value of £9,999.84. Insiders have purchased a total of 194,576 shares of company stock valued at $16,149,808 over the last three months. 0.24% of the stock is owned by insiders.

Supermarket Income REIT Company Profile

(Get Free Report)

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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