Supermarket Income REIT (LON:SUPR) Sets New 52-Week High – Time to Buy?

Shares of Supermarket Income REIT (LON:SUPR) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 89.35 and last traded at GBX 88.85, with a volume of 445472 shares trading hands. The stock had previously closed at GBX 88.40.

Analysts Set New Price Targets

A number of research analysts recently commented on SUPR shares. The Goldman Sachs Group lowered their price target on shares of Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating for the company in a report on Monday, March 30th. Jefferies Financial Group reissued 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 89.25.

Supermarket Income REIT Stock Up 0.7%

The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95. The stock has a market cap of £1.11 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59. The business has a fifty day moving average of GBX 84.07 and a 200-day moving average of GBX 83.65.

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.