Roger Blundell Purchases 50,000 Shares of Supermarket Income REIT (LON:SUPR) Stock

Supermarket Income REIT (LON:SUPR) insider Roger Blundell purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, July 15th. The stock was acquired at an average price of GBX 83 per share, for a total transaction of £41,500.

Supermarket Income REIT Trading Up 3.0%

Shares of LON SUPR opened at GBX 88.05 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.73 and a debt-to-equity ratio of 80.37. 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 market cap of £1.10 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 15.09 and a beta of 0.59. The business has a fifty day simple moving average of GBX 84.64 and a 200-day simple moving average of GBX 83.95.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Supermarket Income REIT from GBX 93 to GBX 88 and set a “neutral” rating for the company in a research report on Monday, March 30th. Jefferies Financial Group restated a “buy” rating and issued a GBX 89 price objective on shares of Supermarket Income REIT in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.