Supermarket Income REIT (LON:SUPR) Insider Rob Abraham Purchases 60,240 Shares of Stock

Supermarket Income REIT (LON:SUPR) insider Rob Abraham bought 60,240 shares of the stock in a transaction dated Wednesday, July 15th. The shares were purchased at an average price of GBX 83 per share, for a total transaction of £49,999.20.

Supermarket Income REIT Stock Performance

LON:SUPR opened at GBX 88.05 on Friday. The stock has a 50 day simple moving average of GBX 84.64 and a 200 day simple moving average of GBX 83.95. The stock has a market cap of £1.10 billion, a P/E ratio of 17.97, a PEG ratio of 15.09 and a beta of 0.59. Supermarket Income REIT has a 1-year low of GBX 76.22 and a 1-year high of GBX 89.40. The company has a current ratio of 1.73, a quick ratio of 1.95 and a debt-to-equity ratio of 80.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced 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 report on Monday, March 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 89 price target on shares of Supermarket Income REIT in a research report 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. According to MarketBeat.com, Supermarket Income REIT currently has an average rating of “Moderate Buy” and an average 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.