Supermarket Income REIT (LON:SUPR) Share Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Supermarket Income REIT (LON:SUPR)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 84.06 and traded as high as GBX 84.60. Supermarket Income REIT shares last traded at GBX 84.21, with a volume of 4,607,376 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and upped their price target for the stock from GBX 90 to GBX 100 in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Supermarket Income REIT from GBX 92 to GBX 91 and set a “hold” rating on the stock in a research note on Friday, October 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 90 target price on shares of Supermarket Income REIT in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Supermarket Income REIT presently has an average rating of “Moderate Buy” and a consensus target price of GBX 92.80.

Supermarket Income REIT Stock Down 0.6%

The company’s 50-day simple moving average is GBX 83.02 and its 200 day simple moving average is GBX 84.06. The company has a market capitalization of £1.15 billion, a P/E ratio of 12.19, a P/E/G 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 earnings per share (EPS) for the quarter. Supermarket Income REIT had a net margin of 75.21% and a return on equity of 7.76%. As a group, equities research analysts forecast that Supermarket Income REIT will post 6.03 earnings per share for the current year.

Insider Buying and Selling at Supermarket Income REIT

In related news, insider Mike Perkins purchased 18,284 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was bought at an average price of GBX 84 per share, for a total transaction of £15,358.56. Also, insider Roger Blundell sold 50,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of GBX 86, for a total value of £43,000. Corporate insiders own 0.26% of the company’s stock.

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.