Supermarket Income REIT (LON:SUPR) Insider Buys £24,917.34 in Stock

Supermarket Income REIT (LON:SUPR) insider Rob Abraham purchased 30,387 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average cost of GBX 82 per share, with a total value of £24,917.34.

Rob Abraham also recently made the following trade(s):

• On Wednesday, July 15th, Rob Abraham purchased 60,240 shares of Supermarket Income REIT stock. The shares were bought at an average cost of GBX 83 per share, for a total transaction of £49,999.20.

Supermarket Income REIT Stock Down 1.4%

Shares of SUPR opened at GBX 83.80 on Friday. The firm has a market cap of £1.15 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59. The company’s fifty day moving average is GBX 85.24 and its two-hundred day moving average is GBX 84.10. Supermarket Income REIT has a fifty-two week low of GBX 76.22 and a fifty-two week high of GBX 89.40.

Supermarket Income REIT (LON:SUPR) last issued its earnings results on Wednesday, September 16th. The company reported GBX 5.70 earnings per share for the quarter. Supermarket Income REIT had a return on equity of 7.76% and a net margin of 75.21%. As a group, equities research analysts anticipate that Supermarket Income REIT will post 6.0284281 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SUPR has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 89 price target on shares of Supermarket Income REIT in a research report on Thursday, July 2nd. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and raised their target price for the company from GBX 90 to GBX 100 in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Supermarket Income REIT has a consensus rating of “Moderate Buy” and a consensus target price of GBX 93.

About Supermarket Income REIT

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.