Supermarket Income REIT (LON:SUPR) Announces Earnings Results

Supermarket Income REIT (LON:SUPR) released its 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 opened at GBX 84.25 on Friday. The firm’s fifty day simple moving average is GBX 85.35 and its 200-day simple moving average is GBX 84.10. The stock has a market capitalization of £1.15 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 15.09 and a beta of 0.59. Supermarket Income REIT has a 12 month low of GBX 76.22 and a 12 month high of GBX 89.40. The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95.

Analysts Set New Price Targets

Several brokerages have issued reports on SUPR. Peel Hunt upgraded Supermarket Income REIT to a “buy” rating and upped their target price for the company from GBX 90 to GBX 100 in a report on Wednesday, August 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 89 target price on shares of Supermarket Income REIT in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 93.

Insider Activity

In other Supermarket Income REIT news, insider Andrew Nicholas Hewson acquired 12,000 shares of the 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 £9,960. Also, insider Sapna Shah acquired 48,192 shares of the company’s stock in a transaction on Wednesday, July 15th. The stock was acquired at an average price of GBX 83 per share, for a total transaction of £39,999.36. Insiders have acquired 236,963 shares of company stock worth $19,637,542 over the last 90 days. 0.25% of the stock is owned by corporate 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.