Supermarket Income REIT (LON:SUPR) Posts Earnings Results

Supermarket Income REIT (LON:SUPR) announced its quarterly earnings results on Wednesday. The company reported GBX 5.70 EPS for the quarter, Digital Look Earnings reports. Supermarket Income REIT had a return on equity of 7.76% and a net margin of 75.21%.

Supermarket Income REIT Stock Performance

SUPR traded down GBX 1.20 on Friday, hitting GBX 83.80. The company had a trading volume of 17,675,215 shares, compared to its average volume of 13,269,693. The stock has a fifty day moving average price of GBX 85.24 and a 200-day moving average price of GBX 84.10. Supermarket Income REIT has a 12-month low of GBX 76.22 and a 12-month high of GBX 89.40. The stock has a market capitalization of £1.15 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 15.09 and a beta of 0.59.

Insiders Place Their Bets

In other Supermarket Income REIT news, insider Roger Blundell sold 50,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of GBX 86, for a total transaction of £43,000. Also, insider Cathryn Vanderspar acquired 24,096 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was purchased at an average cost of GBX 83 per share, for a total transaction of £19,999.68. Insiders purchased 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.

Wall Street Analyst Weigh In

SUPR has been the subject of a number of research reports. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and upped their price objective for the stock 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 target price on shares of Supermarket Income REIT in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Supermarket Income REIT presently has an average rating of “Moderate Buy” and an average target price 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.