Shaftesbury Capital (LON:SHC) Stock Price Down 0.1% – Here’s What Happened

Shaftesbury Capital PLC (LON:SHC)’s share price traded down 0.1% during mid-day trading on Tuesday . The stock traded as low as GBX 139.20 ($1.85) and last traded at GBX 139.59 ($1.86). 7,672,052 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 9,020,920 shares. The stock had previously closed at GBX 139.70 ($1.86).

Analysts Set New Price Targets

Separately, Citigroup reiterated a “buy” rating on shares of Shaftesbury Capital in a report on Tuesday, April 29th.

Shaftesbury Capital Price Performance

The company has a market cap of £2.70 billion, a price-to-earnings ratio of 67.91 and a beta of 1.15. The business’s fifty day moving average price is GBX 125.69 and its 200 day moving average price is GBX 126.91.

Shaftesbury Capital (LON:SHC) last announced its earnings results on Thursday, February 27th. The company reported GBX 4 ($0.05) EPS for the quarter. Shaftesbury Capital had a return on equity of 1.07% and a net margin of 16.37%. As a group, equities research analysts anticipate that Shaftesbury Capital PLC will post 5.0712105 EPS for the current year.

Shaftesbury Capital Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 24th will be paid a GBX 1.80 ($0.02) dividend. This is a positive change from Shaftesbury Capital’s previous dividend of $1.70. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, April 24th. Shaftesbury Capital’s payout ratio is currently 145.94%.

Insider Buying and Selling at Shaftesbury Capital

In other Shaftesbury Capital news, insider Madeleine Cosgrave purchased 40,000 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of GBX 127 ($1.69) per share, for a total transaction of £50,800 ($67,607.13). Insiders own 1.71% 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, extends to 2.7 million square feet of lettable space across the most vibrant areas of London’s West End. With a diverse mix of shops, restaurants, cafés, bars, residential apartments and offices, our destinations include the high footfall, thriving neighbourhoods of Covent Garden, Carnaby, Soho and Chinatown.