Supermarket Income REIT (LON:SUPR) Reaches New 52-Week Low – Here’s Why

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

Analyst Ratings Changes

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

Supermarket Income REIT Stock Down 2.0 %

The stock’s fifty day simple moving average is GBX 70.60 and its 200-day simple moving average is GBX 73.04. 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 stock has a market capitalization 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.

Supermarket Income REIT Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 10th were issued a dividend of GBX 1.53 ($0.02) per share. This represents a yield of 2.03%. This is a positive change from Supermarket Income REIT’s previous dividend of $1.52. The ex-dividend date of this dividend was Thursday, October 10th. Supermarket Income REIT’s dividend payout ratio is -30,000.00%.

Insider Buying and Selling

In related news, insider Andrew Nicholas Hewson bought 75,000 shares of Supermarket Income REIT stock in a transaction on Wednesday, November 6th. The stock was acquired 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.