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

Supermarket Income REIT (LON:SUPR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 67.40 ($0.85) and last traded at GBX 67.97 ($0.85), with a volume of 1669302 shares. The stock had previously closed at GBX 68.90 ($0.87).

Wall Street Analyst Weigh In

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

Supermarket Income REIT Stock Performance

The business’s fifty day moving average price is GBX 70.60 and its 200-day moving average price is GBX 73.04. The stock has a market cap of £844.20 million, a PE ratio of -3,376.80, a P/E/G ratio of 15.09 and a beta of 0.31. The company has a debt-to-equity ratio of 62.01, a quick ratio of 1.95 and a current ratio of 0.46.

Supermarket Income REIT Increases Dividend

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

Insiders Place Their Bets

In other Supermarket Income REIT news, insider Andrew Nicholas Hewson acquired 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average price of GBX 69 ($0.87) per share, with a total value of £51,750 ($65,061.60). 1.41% of the stock is currently owned by insiders.

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.