J P Morgan Chase & Co reissued their overweight rating on shares of Shaftesbury (LON:SHB) in a research note released on Wednesday. The firm currently has a GBX 1,150 ($15.48) price target on the real estate investment trust’s stock.

Several other analysts have also weighed in on the company. Liberum Capital restated a hold rating and set a GBX 1,075 ($14.47) price target on shares of Shaftesbury in a report on Monday, December 11th. Numis Securities restated a hold rating and set a GBX 1,019 ($13.71) price target on shares of Shaftesbury in a report on Wednesday, December 6th. Peel Hunt restated a reduce rating and set a GBX 970 ($13.06) price target on shares of Shaftesbury in a report on Tuesday, December 5th. Jefferies Group restated a hold rating and set a GBX 1,003 ($13.50) price target on shares of Shaftesbury in a report on Wednesday, November 29th. Finally, Goldman Sachs Group restated a sell rating and set a GBX 883 ($11.88) price target on shares of Shaftesbury in a report on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 977.10 ($13.15).

Shares of Shaftesbury (LON SHB) opened at GBX 1,002 ($13.49) on Wednesday. Shaftesbury has a twelve month low of GBX 861 ($11.59) and a twelve month high of GBX 1,036 ($13.94).

Shaftesbury (LON:SHB) last released its quarterly earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). Shaftesbury had a net margin of 351.94% and a return on equity of 15.53%. The company had revenue of £111.50 million for the quarter.

The firm also recently disclosed a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be given a GBX 8.10 ($0.11) dividend. This represents a yield of 0.82%. The ex-dividend date of this dividend is Thursday, January 18th. This is an increase from Shaftesbury’s previous dividend of $7.90.

In other news, insider Jill C. Little purchased 2,997 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of GBX 993 ($13.36) per share, with a total value of £29,760.21 ($40,054.12). Also, insider Simon J. Quayle sold 18,430 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of GBX 1,000 ($13.46), for a total value of £184,300 ($248,048.45).

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Shaftesbury Company Profile

Shaftesbury PLC is a real estate investment trust. The Company’s objective is to deliver long-term growth in rental income, capital values and shareholder returns. It focuses on retails, restaurants, cafes and leisure. It has approximately 590 shops, restaurants, cafes and bars. Its upper floors consist of over 406,000 square feet of office space and over 560 apartments.

Analyst Recommendations for Shaftesbury (LON:SHB)

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