Shaftesbury Capital (LON:SHC) Stock Price Down 0.1%

Shaftesbury Capital PLC (LON:SHC) shares traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as GBX 131 ($1.63) and last traded at GBX 131.90 ($1.64). 14,661,299 shares traded 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).

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Berenberg Bank reissued a “buy” rating and set a GBX 160 ($1.99) target price 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) target price on the stock in a report on Thursday, March 21st.

Shaftesbury Capital Stock Performance

The company has a market capitalization of £2.57 billion, a price-to-earnings ratio of 293.11 and a beta of 1.11. The firm has a fifty day moving average price of GBX 134.22 and a 200-day moving average price of GBX 126.89.

Shaftesbury Capital Increases Dividend

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

Insider Buying and Selling

In other Shaftesbury Capital news, insider Ian Hawksworth acquired 88,888 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average cost of GBX 124 ($1.54) per share, for a total transaction of £110,221.12 ($137,210.41). 3.52% of the stock is owned by corporate 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.