Shaftesbury plc (LON:SHB) insider Brian Bickell sold 20,016 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of GBX 870 ($11.37), for a total value of £174,139.20 ($227,543.71).
Shares of SHB opened at GBX 879 ($11.49) on Thursday. Shaftesbury plc has a twelve month low of GBX 894.50 ($11.69) and a twelve month high of GBX 1,055 ($13.79).
Shaftesbury (LON:SHB) last issued its quarterly earnings results on Tuesday, November 27th. The real estate investment trust reported GBX 17.10 ($0.22) earnings per share for the quarter, missing the consensus estimate of GBX 17.60 ($0.23) by GBX (0.50) (($0.01)).
The firm also recently declared a dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 17th will be paid a dividend of GBX 8.50 ($0.11) per share. This is a boost from Shaftesbury’s previous dividend of $8.30. This represents a dividend yield of 0.92%. The ex-dividend date is Thursday, January 17th.
A number of analysts recently issued reports on SHB shares. UBS Group reissued a “neutral” rating and set a GBX 1,000 ($13.07) target price (down from GBX 1,040 ($13.59)) on shares of Shaftesbury in a research note on Wednesday, September 5th. Peel Hunt reissued a “reduce” rating on shares of Shaftesbury in a research note on Friday, September 28th. Liberum Capital reissued a “hold” rating on shares of Shaftesbury in a research note on Friday, September 28th. Numis Securities reissued a “hold” rating and set a GBX 1,028 ($13.43) target price on shares of Shaftesbury in a research note on Tuesday, November 27th. Finally, Morgan Stanley lowered their target price on Shaftesbury from GBX 920 ($12.02) to GBX 880 ($11.50) and set an “underweight” rating for the company in a research note on Thursday, November 29th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 985.55 ($12.88).
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Shaftesbury is a Real Estate Investment Trust, which invests exclusively in the liveliest parts of London's West End. Our objective is to deliver long-term growth in rental income, capital values and shareholder returns. Focussed on restaurants, leisure and retail, our exceptional portfolio now extends to 14.9 acres, clustered mainly in Carnaby, Seven Dials and Chinatown, with substantial ownerships in east and west Covent Garden, Soho and Fitzrovia.
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