Shaftesbury Capital (LON:SHC) Shares Down 0.1%

Shares of Shaftesbury Capital PLC (LON:SHC) were down 0.1% on Thursday . The company traded as low as GBX 139.73 ($1.76) and last traded at GBX 142 ($1.78). Approximately 2,714,925 shares traded hands during trading, an increase of 3% from the average daily volume of 2,646,722 shares. The stock had previously closed at GBX 142.10 ($1.79).

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SHC shares. Berenberg Bank reiterated a “buy” rating and set a GBX 160 ($2.01) price objective on shares of Shaftesbury Capital in a research note on Tuesday, March 5th. HSBC raised Shaftesbury Capital to a “buy” rating and set a GBX 149 ($1.87) price target for the company in a research report on Thursday, March 21st.

Shaftesbury Capital Stock Performance

The firm has a market capitalization of £2.79 billion, a price-to-earnings ratio of 315.56 and a beta of 1.13. The firm’s 50 day simple moving average is GBX 136.73 and its 200 day simple moving average is GBX 129.53.

Shaftesbury Capital Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 25th will be issued a GBX 1.65 ($0.02) dividend. This represents a dividend yield of 1.36%. The ex-dividend date is Thursday, April 25th. This is a boost from Shaftesbury Capital’s previous dividend of $1.50. Shaftesbury Capital’s payout ratio is 666.67%.

Insider Transactions at Shaftesbury Capital

In related news, insider Ian Hawksworth acquired 88,888 shares of the stock in a transaction on Thursday, February 29th. The shares were acquired at an average price of GBX 124 ($1.56) per share, for a total transaction of £110,221.12 ($138,468.74). Company insiders own 1.72% of the company’s stock.

Shaftesbury Capital Company Profile

Shaftesbury Capital PLC ("Shaftesbury Capital") is the leading central London mixed-use REIT and is a constituent of the FTSE-250 Index. Our property portfolio, valued at £4.8 billion at December 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End.