Supermarket Income REIT (LON:SUPR) Announces Earnings Results

Supermarket Income REIT (LON:SUPR) released its quarterly earnings results on Wednesday. The company reported GBX 5.70 EPS for the quarter, Digital Look Earnings reports. Supermarket Income REIT had a return on equity of 5.56% and a net margin of 54.91%.

Supermarket Income REIT Stock Down 0.7%

Shares of SUPR stock traded down GBX 0.61 during mid-day trading on Friday, reaching GBX 84.39. 29,677,918 shares of the company’s stock traded hands, compared to its average volume of 13,336,375. The company’s 50-day moving average price is GBX 85.35 and its 200-day moving average price is GBX 84.10. The company has a market cap of £1.15 billion, a P/E ratio of 17.22, a P/E/G ratio of 15.09 and a beta of 0.59. The company has a quick ratio of 1.95, a current ratio of 1.73 and a debt-to-equity ratio of 80.37. Supermarket Income REIT has a 12 month low of GBX 76.22 and a 12 month high of GBX 89.40.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SUPR. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and boosted their price objective for the company from GBX 90 to GBX 100 in a research report on Wednesday, August 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 89 price target on shares of Supermarket Income REIT in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 93.

Insider Activity at Supermarket Income REIT

In other Supermarket Income REIT news, insider Sapna Shah bought 48,192 shares of the firm’s stock in a transaction on Wednesday, July 15th. The stock was acquired at an average price of GBX 83 per share, with a total value of £39,999.36. Also, insider Rob Abraham bought 60,240 shares of the stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average price of GBX 83 per share, with a total value of £49,999.20. Insiders bought a total of 236,963 shares of company stock worth $19,637,542 over the last 90 days. 0.25% of the stock is currently owned by insiders.

Supermarket Income REIT Company Profile

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.