Supermarket Income REIT (LON:SUPR) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Supermarket Income REIT (LON:SUPR)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 82.16 and traded as high as GBX 84.15. Supermarket Income REIT shares last traded at GBX 83.30, with a volume of 2,362,120 shares changing hands.

Analysts Set New Price Targets

SUPR has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a GBX 95 target price on shares of Supermarket Income REIT in a research note on Wednesday, March 11th. The Goldman Sachs Group decreased their target price on shares of Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating for the company in a research note on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Supermarket Income REIT currently has a consensus rating of “Moderate Buy” and an average target price of GBX 86.25.

Supermarket Income REIT Stock Performance

The company has a debt-to-equity ratio of 80.37, a quick ratio of 1.95 and a current ratio of 1.73. The firm’s 50 day moving average is GBX 82.16 and its 200-day moving average is GBX 82.47. The firm has a market cap of £1.04 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59.

Supermarket Income REIT (LON:SUPR) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. Supermarket Income REIT had a net margin of 54.91% and a return on equity of 5.56%. Sell-side analysts anticipate that Supermarket Income REIT will post 6.0284281 earnings per share for the current fiscal year.

Insider Buying and Selling at Supermarket Income REIT

In other Supermarket Income REIT news, insider Frances Davies acquired 30,000 shares of Supermarket Income REIT stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of GBX 84 per share, with a total value of £25,200. Also, insider Sapna Shah acquired 47,380 shares of Supermarket Income REIT stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of GBX 84 per share, with a total value of £39,799.20. In the last ninety days, insiders purchased 95,280 shares of company stock valued at $8,003,520. 0.22% of the stock is owned by company 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.