Supermarket Income REIT (LON:SUPR) Stock: Insider Mike Perkins Purchases 18,284 Shares

Supermarket Income REIT (LON:SUPR) insider Mike Perkins bought 18,284 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was acquired at an average price of GBX 84 per share, for a total transaction of £15,358.56.

Mike Perkins also recently made the following trade(s):

• On Wednesday, July 15th, Mike Perkins purchased 12,048 shares of Supermarket Income REIT stock. The shares were bought at an average cost of GBX 83 per share, for a total transaction of £9,999.84.

Supermarket Income REIT Price Performance

Shares of LON:SUPR opened at GBX 83.50 on Tuesday. Supermarket Income REIT has a one year low of GBX 76.60 and a one year high of GBX 89.40. The company has a market cap of £1.14 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 15.09 and a beta of 0.59. The firm has a 50 day simple moving average of GBX 84.83 and a 200 day simple moving average of GBX 84.05.

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

Analyst Upgrades and Downgrades

SUPR has been the subject of several recent research reports. Peel Hunt upgraded shares of Supermarket Income REIT to a “buy” rating and upped their price target for the company from GBX 90 to GBX 100 in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 89 price target on shares of Supermarket Income REIT in a report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Supermarket Income REIT presently has an average rating of “Moderate Buy” and a consensus price target of GBX 93.

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.