Supermarket Income REIT (LON:SUPR) Reaches New 1-Year Low – Here’s What Happened

Posted by John Adams on Nov 13th, 2024

Supermarket Income REIT (LON:SUPR – Get Free Report)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 68.10 ($0.88) and last traded at GBX 68.27 ($0.88), with a volume of 1823480 shares trading hands. The stock had previously closed at GBX 68.80 ($0.89).

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on Supermarket Income REIT

Supermarket Income REIT Stock Down 0.8 %

The firm has a 50-day simple moving average of GBX 73.41 and a 200 day simple moving average of GBX 73.80. The company has a debt-to-equity ratio of 62.01, a current ratio of 0.46 and a quick ratio of 1.95. The company has a market capitalization of £853.35 million, a PE ratio of -3,440.00, a price-to-earnings-growth ratio of 15.09 and a beta of 0.31.

Supermarket Income REIT Increases Dividend

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

Insider Activity

In other Supermarket Income REIT news, insider Andrew Nicholas Hewson bought 75,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of GBX 69 ($0.89) per share, for a total transaction of £51,750 ($66,593.75). Insiders own 1.41% of the company’s stock.

Supermarket Income REIT Company Profile

(Get Free Report)

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.