Supermarket Income REIT (LON:SUPR) Given “Buy” Rating at Peel Hunt

Peel Hunt restated their buy rating on shares of Supermarket Income REIT (LON:SUPR) in a research report sent to investors on Wednesday morning, LSE.Co.UK reports. They currently have a GBX 125 ($1.63) target price on the stock.

SUPR has been the subject of a number of other research reports. Peel Hunt reiterated a buy rating and issued a GBX 125 ($1.63) target price on shares of Supermarket Income REIT in a report on Wednesday. Royal Bank of Canada raised their price target on Supermarket Income REIT from GBX 135 ($1.76) to GBX 145 ($1.89) and gave the stock an outperform rating in a research note on Tuesday, October 5th.

Shares of Supermarket Income REIT stock opened at GBX 119.50 ($1.56) on Wednesday. The stock has a market cap of £969.17 million and a price-to-earnings ratio of 9.72. The company has a debt-to-equity ratio of 47.16, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day moving average price of GBX 119.50 and a 200-day moving average price of GBX 117. Supermarket Income REIT has a one year low of GBX 102.50 ($1.34) and a one year high of GBX 125 ($1.63).

The firm also recently declared a dividend, which will be paid on Tuesday, November 16th. Investors of record on Thursday, October 7th will be paid a dividend of GBX 1.49 ($0.02) per share. This is a positive change from Supermarket Income REIT’s previous dividend of $1.47. This represents a dividend yield of 1.24%. The ex-dividend date is Thursday, October 7th. Supermarket Income REIT’s dividend payout ratio (DPR) is currently 0.48%.

About Supermarket Income REIT

Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's 45 properties are let to leading UK supermarket operators, diversified by both tenant and geography.

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