Shaftesbury Capital (LON:SHC) Shares Down 0.1%

Shaftesbury Capital PLC (LON:SHC)’s stock price fell 0.1% 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 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).

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. HSBC raised shares of Shaftesbury Capital to a “buy” rating and set a GBX 149 ($1.85) target price for the company in a research note on Thursday, March 21st. Berenberg Bank reissued a “buy” rating and set a GBX 160 ($1.99) target price on shares of Shaftesbury Capital in a research note on Tuesday, March 5th.

Shaftesbury Capital Stock Performance

The business’s 50 day moving average price is GBX 134.26 and its two-hundred day moving average price is GBX 126.94. The company has a market capitalization of £2.60 billion, a price-to-earnings ratio of 296.00 and a beta of 1.11.

Shaftesbury Capital Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 25th will be paid a GBX 1.65 ($0.02) dividend. This is a positive change 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 Transactions at Shaftesbury Capital

In related news, insider Ian Hawksworth purchased 88,888 shares of Shaftesbury Capital stock in a transaction dated 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). Company 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.