Supermarket Income REIT (LON:SUPR) Trading Down 1.6% – What’s Next?

Supermarket Income REIT (LON:SUPR)’s stock price traded down 1.6% during trading on Monday . The stock traded as low as GBX 83.90 and last traded at GBX 84.45. 2,941,488 shares were traded during trading, a decline of 83% from the average session volume of 17,697,770 shares. The stock had previously closed at GBX 85.85.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating on the stock in a report on Monday, March 30th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 95 target price on shares of Supermarket Income REIT in a report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 86.25.

Supermarket Income REIT Stock Up 0.1%

The company has a debt-to-equity ratio of 80.37, a quick ratio of 1.95 and a current ratio of 1.73. The firm has a fifty day simple moving average of GBX 83.63 and a 200-day simple moving average of GBX 82.05. The company has a market capitalization of £1.05 billion, a PE ratio of 17.15, a P/E/G ratio of 15.09 and a beta of 0.58.

Supermarket Income REIT (LON:SUPR) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. Supermarket Income REIT had a return on equity of 5.56% and a net margin of 54.91%. Equities research analysts anticipate that Supermarket Income REIT will post 6.0284281 EPS for the current fiscal year.

Insider Activity at Supermarket Income REIT

In other Supermarket Income REIT news, insider Frances Davies acquired 30,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of GBX 84 per share, for a total transaction of £25,200. Also, insider Sapna Shah acquired 47,380 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were acquired at an average price of GBX 84 per share, for a total transaction of £39,799.20. Insiders have acquired a total of 95,280 shares of company stock worth $8,003,520 over the last 90 days. 0.22% of the stock is owned by company 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.