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

Supermarket Income REIT (LON:SUPR) shares dropped 0% during trading on Tuesday . The company traded as low as GBX 84.75 and last traded at GBX 85.15. Approximately 102,741,688 shares were traded 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.

Wall Street Analysts Forecast Growth

SUPR has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 95 price objective on shares of Supermarket Income REIT in a report on Wednesday, March 11th. The Goldman Sachs Group decreased their price objective on Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating on the stock in a report on Monday, March 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 86.25.

Supermarket Income REIT Stock Down 0.0%

The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95. The business has a 50 day simple moving average of GBX 82.89 and a 200 day simple moving average of GBX 82.90. The company has a market capitalization of £1.06 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 15.09 and a beta of 0.59.

Insider Buying and Selling

In other news, insider Sapna Shah purchased 47,380 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of GBX 84 per share, for a total transaction 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.