Supermarket Income REIT (LON:SUPR) Shares Down 0.4% - What's Next?

Supermarket Income REIT (LON:SUPR - Get Free Report) was down 0.4% during trading on Thursday . The stock traded as low as GBX 69.60 ($0.89) and last traded at GBX 70.50 ($0.90). Approximately 3,592,434 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 3,332,091 shares. The stock had previously closed at GBX 70.80 ($0.90).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "hold" rating on shares of Supermarket Income REIT in a research note on Tuesday, November 5th.

Supermarket Income REIT Trading Up 0.7 %

The business has a fifty day simple moving average of GBX 71.48 and a 200-day simple moving average of GBX 73.33. The company has a debt-to-equity ratio of 62.01, a quick ratio of 1.95 and a current ratio of 0.46. The firm has a market cap of £887.58 million, a price-to-earnings ratio of -3,555.00, a PEG ratio of 15.09 and a beta of 0.31.

Supermarket Income REIT Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 10th were issued a GBX 1.53 ($0.02) dividend. This represents a yield of 2.03%. The ex-dividend date of this dividend was 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 presently -30,000.00%.

Insiders Place Their Bets

In related news, insider Andrew Nicholas Hewson purchased 75,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of GBX 69 ($0.88) per share, with a total value of £51,750 ($66,032.92). Insiders own 1.41% of the company's stock.

About Supermarket Income REIT

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.