Supermarket Income REIT’s (SUPR) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Supermarket Income REIT (LON:SUPR – Get Rating) in a research report sent to investors on Tuesday, MarketBeat.com reports. Royal Bank of Canada currently has a GBX 140 ($1.73) target price on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and issued a GBX 140 ($1.73) target price on shares of Supermarket Income REIT in a research report on Wednesday, March 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of GBX 134 ($1.65).

Shares of LON SUPR opened at GBX 125.50 ($1.55) on Tuesday. Supermarket Income REIT has a 1-year low of GBX 112 ($1.38) and a 1-year high of GBX 133 ($1.64). The company has a debt-to-equity ratio of 42.90, a current ratio of 1.27 and a quick ratio of 1.24. The business’s fifty day moving average price is GBX 124.70 and its two-hundred day moving average price is GBX 122.22. The firm has a market capitalization of £1.55 billion and a PE ratio of 8.66.

The firm also recently declared a dividend, which will be paid on Friday, May 27th. Stockholders of record on Thursday, April 21st will be issued a dividend of GBX 1.49 ($0.02) per share. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, April 21st. Supermarket Income REIT’s dividend payout ratio (DPR) is 0.41%.

About Supermarket Income REIT (Get Rating)

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 45 properties are let to leading UK supermarket operators, diversified by both tenant and geography.

Featured Stories