Supermarket Income REIT (LON:SUPR) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Supermarket Income REIT (LON:SUPR) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 86.19 and traded as low as GBX 85.10. Supermarket Income REIT shares last traded at GBX 85.40, with a volume of 2,854,636 shares changing hands.

Analyst Ratings Changes

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

Supermarket Income REIT Trading Down 0.3%

The company has a current ratio of 1.73, a quick ratio of 1.95 and a debt-to-equity ratio of 80.37. The company has a market cap of £1.06 billion, a PE ratio of 17.38, a P/E/G ratio of 15.09 and a beta of 0.59. The company has a fifty day simple moving average of GBX 86.19 and a two-hundred day simple moving average of GBX 84.39.

Insider Activity

In other news, insider Rob Abraham bought 60,240 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were purchased at an average cost of GBX 83 per share, for a total transaction of £49,999.20. Also, insider Sapna Shah bought 48,192 shares of Supermarket Income REIT stock in a transaction that occurred on Wednesday, July 15th. The stock was purchased at an average cost of GBX 83 per share, for a total transaction of £39,999.36. In the last three months, insiders bought 206,576 shares of company stock valued at $17,145,808. 0.26% 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.