Supermarket Income REIT (LON:SUPR) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Shares of Supermarket Income REIT (LON:SUPR) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 84.06 and traded as high as GBX 84.60. Supermarket Income REIT shares last traded at GBX 84.21, with a volume of 4,607,376 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Peel Hunt upgraded Supermarket Income REIT to a “buy” rating and lifted their price objective for the stock from GBX 90 to GBX 100 in a research report on Wednesday, August 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 90 price objective on shares of Supermarket Income REIT in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Supermarket Income REIT from GBX 92 to GBX 91 and set a “hold” rating for the company in a report on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 92.80.

Supermarket Income REIT Price Performance

The company has a market capitalization of £1.14 billion, a PE ratio of 12.12, a P/E/G ratio of 15.09 and a beta of 0.59. The business’s 50 day simple moving average is GBX 82.96 and its 200 day simple moving average is GBX 84.06.

Supermarket Income REIT (LON:SUPR) last posted its quarterly earnings results on Wednesday, September 16th. The company reported GBX 5.70 earnings per share for the quarter. Supermarket Income REIT had a net margin of 75.21% and a return on equity of 7.76%. As a group, analysts anticipate that Supermarket Income REIT will post 6.03 EPS for the current year.

Insider Activity at Supermarket Income REIT

In other Supermarket Income REIT news, insider Mike Perkins bought 18,284 shares of the business’s stock in a transaction on Monday, September 28th. The stock was bought at an average price of GBX 84 per share, with a total value of £15,358.56. Also, insider Roger Blundell sold 50,000 shares of the company’s 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. 0.26% of the stock is currently owned by insiders.

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.