Mike Perkins Purchases 12,048 Shares of Supermarket Income REIT (LON:SUPR) Stock

Supermarket Income REIT (LON:SUPR) insider Mike Perkins bought 12,048 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were acquired at an average price of GBX 83 per share, with a total value of £9,999.84.

Supermarket Income REIT Stock Up 3.0%

Shares of LON SUPR opened at GBX 88.05 on Friday. The firm’s 50-day moving average is GBX 84.64 and its two-hundred day moving average is GBX 83.95. The company has a market capitalization of £1.10 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59. Supermarket Income REIT has a 12-month low of GBX 76.22 and a 12-month high of GBX 89.40. The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95.

Analyst Ratings Changes

A number of brokerages have weighed in on SUPR. The Goldman Sachs Group reduced their price target on Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Jefferies Financial Group reiterated a “buy” rating and issued 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 89.25.

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.