Supermarket Income REIT (LON:SUPR) Trading Down 0% – What’s Next?

Supermarket Income REIT (LON:SUPR) was down 0% during mid-day trading on Tuesday . The stock traded as low as GBX 84.75 and last traded at GBX 85.15. Approximately 102,741,688 shares traded hands during mid-day trading, an increase of 493% from the average daily volume of 17,324,619 shares. The stock had previously closed at GBX 85.15.

Analyst Upgrades and Downgrades

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

Supermarket Income REIT Stock Down 0.0%

The stock has a market cap of £1.06 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59. The firm has a fifty day moving average of GBX 82.89 and a 200 day moving average of GBX 82.90. The company has a quick ratio of 1.95, a current ratio of 1.73 and a debt-to-equity ratio of 80.37.

Insider Buying and Selling

In other Supermarket Income REIT news, insider Sapna Shah bought 47,380 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of GBX 84 per share, with a total value of £39,799.20. 0.24% 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.