Shaftesbury Capital PLC (LON:SHC – Get Free Report)’s stock price fell 0.1% during trading on Wednesday . The company traded as low as GBX 131 ($1.63) and last traded at GBX 131.90 ($1.64). 14,661,299 shares changed hands during trading, an increase of 488% from the average session volume of 2,494,992 shares. The stock had previously closed at GBX 132 ($1.64).
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 160 ($1.99) price target on shares of Shaftesbury Capital in a report on Tuesday, March 5th. HSBC raised Shaftesbury Capital to a “buy” rating and set a GBX 149 ($1.85) price target on the stock in a report on Thursday, March 21st.
Check Out Our Latest Analysis on SHC
Shaftesbury Capital Trading Down 0.1 %
Shaftesbury Capital Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 1.65 ($0.02) per share. This is a positive change from Shaftesbury Capital’s previous dividend of $1.50. The ex-dividend date of this dividend is Thursday, April 25th. This represents a dividend yield of 1.36%. Shaftesbury Capital’s dividend payout ratio (DPR) is 666.67%.
Insider Buying and Selling at Shaftesbury Capital
In other news, insider Ian Hawksworth acquired 88,888 shares of Shaftesbury Capital stock in a transaction on Thursday, February 29th. The stock was bought at an average cost of GBX 124 ($1.54) per share, with a total value of £110,221.12 ($137,210.41). Insiders own 3.52% of the company’s stock.
About Shaftesbury Capital
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.
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