Supermarket Income REIT (LON:SUPR) Reaches New 52-Week Low - Time to Sell?

Supermarket Income REIT (LON:SUPR - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as GBX 69.50 ($0.90) and last traded at GBX 69.65 ($0.91), with a volume of 12530113 shares trading hands. The stock had previously closed at GBX 69.70 ($0.91).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "hold" rating on shares of Supermarket Income REIT in a report on Tuesday.

Supermarket Income REIT Trading Down 1.9 %

The firm's 50-day moving average is GBX 73.80 and its 200 day moving average is GBX 73.91. The company has a current ratio of 0.46, a quick ratio of 1.95 and a debt-to-equity ratio of 62.01. The firm has a market capitalization of £855.00 million, a price-to-earnings ratio of -3,482.05, a P/E/G ratio of 15.09 and a beta of 0.31.

Supermarket Income REIT Increases Dividend

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

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.