Supermarket Income REIT (LON:SUPR) Issues Quarterly Earnings Results

Supermarket Income REIT (LON:SUPR) announced its earnings results on Wednesday. The company reported GBX 5.70 earnings per share 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 Trading Up 2.1%

Supermarket Income REIT stock traded up GBX 1.70 during midday trading on Wednesday, reaching GBX 84.15. The stock had a trading volume of 4,282,952 shares, compared to its average volume of 13,300,015. Supermarket Income REIT has a twelve month low of GBX 76.22 and a twelve month high of GBX 89.40. 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 firm has a market cap 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 firm’s fifty day simple moving average is GBX 85.48 and its two-hundred day simple moving average is GBX 84.16.

Insider Activity at Supermarket Income REIT

In other Supermarket Income REIT news, insider Andrew Nicholas Hewson purchased 12,000 shares of the stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average price of GBX 83 per share, for a total transaction of £9,960. Also, insider Sapna Shah purchased 48,192 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The shares were acquired at an average cost of GBX 83 per share, for a total transaction of £39,999.36. Over the last 90 days, insiders acquired 236,963 shares of company stock worth $19,637,542. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SUPR shares. Peel Hunt raised Supermarket Income REIT to a “buy” rating and boosted their target price for the stock from GBX 90 to GBX 100 in a report on Wednesday, August 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 89 price objective on shares of Supermarket Income REIT in a report 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, Supermarket Income REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 93.

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.