Supermarket Income REIT (LON:SUPR) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Supermarket Income REIT (LON:SUPR) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 82.16 and traded as high as GBX 84.15. Supermarket Income REIT shares last traded at GBX 83.30, with a volume of 2,362,120 shares trading hands.

Analysts Set New Price Targets

SUPR has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price target on Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating for the company in a research note on Monday, March 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 95 price objective on shares of Supermarket Income REIT in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 86.25.

Supermarket Income REIT Stock Performance

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 stock has a market cap of £1.04 billion, a P/E ratio of 17.04, a P/E/G ratio of 15.09 and a beta of 0.59. The firm has a 50 day moving average of GBX 82.14 and a two-hundred day moving average of GBX 82.49.

Supermarket Income REIT (LON:SUPR) last announced 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 net margin of 54.91% and a return on equity of 5.56%. On average, research analysts predict that Supermarket Income REIT will post 6.0284281 EPS for the current fiscal year.

Insider Buying and Selling

In other Supermarket Income REIT news, insider Sapna Shah bought 47,380 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average cost of GBX 84 per share, for a total transaction of £39,799.20. Also, insider Frances Davies acquired 30,000 shares of the firm’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. Insiders acquired a total of 95,280 shares of company stock valued at $8,003,520 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

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.