Shore Capital Reaffirms “Hold” Rating for Supermarket Income REIT (LON:SUPR)

Shore Capital restated their hold rating on shares of Supermarket Income REIT (LON:SUPR) in a report published on Tuesday, Marketbeat Ratings reports.

Supermarket Income REIT Trading Up 0.3 %

LON:SUPR opened at GBX 69.80 ($0.91) on Tuesday. The company has a quick ratio of 1.95, a current ratio of 0.46 and a debt-to-equity ratio of 62.01. The company’s 50 day moving average is GBX 73.61 and its 200-day moving average is GBX 73.87. The firm has a market cap of £872.50 million, a price-to-earnings ratio of -3,490.00, a P/E/G ratio of 15.09 and a beta of 0.31. Supermarket Income REIT has a 12 month low of GBX 68.10 ($0.89) and a 12 month high of GBX 88.80 ($1.16).

Supermarket Income REIT Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be paid a dividend of GBX 1.53 ($0.02) per share. This is a boost from Supermarket Income REIT’s previous dividend of $1.52. This represents a yield of 2.03%. The ex-dividend date is Thursday, October 10th. Supermarket Income REIT’s dividend payout ratio is presently -30,000.00%.

Insider Transactions at Supermarket Income REIT

In other news, insider Andrew Nicholas Hewson acquired 75,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average cost of GBX 69 ($0.90) per share, for a total transaction of £51,750 ($67,365.27). Insiders own 1.41% of the company’s stock.

Supermarket Income REIT Company Profile

Supermarket Income REIT plc?(LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's supermarkets are let to leading UK supermarket operators, diversified by both tenant and geography.