Shaftesbury plc (SHB) Raises Dividend to GBX 7.55 Per Share
Shaftesbury plc (LON:SHB) declared a dividend on Tuesday, November 29th. Investors of record on Thursday, January 19th will be paid a dividend of GBX 7.55 ($0.09) per share by the real estate investment trust on Friday, February 17th. This represents a yield of 0.83%. The ex-dividend date is Thursday, January 19th. This is a positive change from Shaftesbury plc’s previous dividend of $7.15. The official announcement can be accessed at this link.
Shaftesbury plc (LON:SHB) opened at 917.00 on Wednesday. The company’s 50-day moving average price is GBX 926.19 and its 200-day moving average price is GBX 928.66. The stock’s market capitalization is GBX 2.55 billion. Shaftesbury plc has a one year low of GBX 650.00 and a one year high of GBX 1,008.00.
In related news, insider Jonathan Nicholls bought 850 shares of the stock in a transaction dated Tuesday, November 29th. The stock was acquired at an average price of GBX 912 ($11.31) per share, for a total transaction of £7,752 ($9,616.67).
Several analysts have recently issued reports on the company. Jefferies Group restated a “hold” rating and issued a GBX 888 ($11.02) price objective on shares of Shaftesbury plc in a research report on Wednesday. Numis Securities Ltd restated a “hold” rating and issued a GBX 876 ($10.87) price objective on shares of Shaftesbury plc in a research report on Tuesday. Peel Hunt restated a “reduce” rating and issued a GBX 825 ($10.23) price objective on shares of Shaftesbury plc in a research report on Tuesday. Liberum Capital restated a “hold” rating and issued a GBX 1,000 ($12.41) price objective on shares of Shaftesbury plc in a research report on Tuesday. Finally, Goldman Sachs Group Inc. upped their price objective on Shaftesbury plc from GBX 1,061 ($13.16) to GBX 1,115 ($13.83) and gave the company a “neutral” rating in a research report on Wednesday, November 2nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 936.13 ($11.61).
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About Shaftesbury plc
Shaftesbury PLC is a United Kingdom-based real estate investment trust (REIT). The Company owns a real estate portfolio extending to around 14 acres in London’s West End. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom. The Company’s objective is to deliver long-term outperformance in growth in rental income, capital values and shareholder returns.
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