Shaftesbury Capital (LON:SHC) Shares Down 0.1%

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

Analysts Set New Price Targets

A number of research analysts have recently commented on SHC shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 160 ($2.01) price objective on shares of Shaftesbury Capital in a research report 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 report on Thursday, March 21st.

Shaftesbury Capital Stock Performance

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

Shaftesbury Capital Increases Dividend

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

Insider Transactions at Shaftesbury Capital

In related news, insider Ian Hawksworth acquired 88,888 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was bought at an average cost of GBX 124 ($1.56) per share, with a total value of £110,221.12 ($138,468.74). 1.72% of the stock is currently owned by insiders.

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.