Supermarket Income REIT (LON:SUPR) Stock Price Target Cut by Deutsche Bank Aktiengesellschaft

Supermarket Income REIT (LON:SUPR) had its price objective lowered by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 92 to GBX 91 in a research note issued on Friday, London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 12.07% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Peel Hunt upgraded shares of Supermarket Income REIT to a “buy” rating and increased their price objective for the company from GBX 90 to GBX 100 in a research note 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 research report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 92.60.

Supermarket Income REIT Price Performance

SUPR opened at GBX 81.20 on Friday. Supermarket Income REIT has a 12 month low of GBX 76.80 and a 12 month high of GBX 89.40. The business has a 50-day moving average of GBX 84.52 and a two-hundred day moving average of GBX 84.02. The stock has a market capitalization of £1.11 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59.

Supermarket Income REIT (LON:SUPR) last released its quarterly earnings data on Wednesday, September 16th. The company reported GBX 5.70 EPS for the quarter. Supermarket Income REIT had a return on equity of 7.76% and a net margin of 75.21%. Equities research analysts anticipate that Supermarket Income REIT will post 6.0284281 earnings per share for the current year.

Insider Activity

In related news, insider Mike Perkins acquired 18,284 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were acquired at an average cost of GBX 84 per share, with a total value of £15,358.56. Also, insider Cathryn Vanderspar bought 24,096 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were purchased at an average cost of GBX 83 per share, with a total value of £19,999.68. Over the last three months, insiders acquired 255,247 shares of company stock valued at $21,173,398. Corporate insiders own 0.25% 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.