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

Supermarket Income REIT (LON:SUPR) issued its quarterly 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 net margin of 54.91% and a return on equity of 5.56%.

Supermarket Income REIT Stock Performance

Shares of Supermarket Income REIT stock traded up GBX 1.70 during trading hours on Wednesday, hitting GBX 84.15. 4,282,952 shares of the company were exchanged, compared to its average volume of 13,300,015. The company has a current ratio of 1.73, a quick ratio of 1.95 and a debt-to-equity ratio of 80.37. The business has a 50-day moving average of GBX 85.48 and a 200-day moving average of GBX 84.16. Supermarket Income REIT has a 1 year low of GBX 76.22 and a 1 year high of GBX 89.40. The stock has a market capitalization of £1.15 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 15.09 and a beta of 0.59.

Insider Transactions at Supermarket Income REIT

In other news, insider Sapna Shah acquired 48,192 shares of the company’s stock in a transaction on Wednesday, July 15th. The shares were bought at an average cost of GBX 83 per share, with a total value of £39,999.36. Also, insider Rob Abraham acquired 60,240 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were purchased at an average price of GBX 83 per share, with a total value of £49,999.20. Insiders bought a total of 236,963 shares of company stock worth $19,637,542 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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