Shaftesbury (LON:SHB) had its price objective raised by J P Morgan Chase & Co from GBX 1,100 ($14.80) to GBX 1,150 ($15.48) in a report issued on Tuesday. The firm currently has an overweight rating on the real estate investment trust’s stock.
Other equities research analysts also recently issued research reports about the company. Liberum Capital reiterated a hold rating and set a GBX 1,025 ($13.80) price target on shares of Shaftesbury in a report on Tuesday, November 28th. Numis Securities restated a hold rating and issued a GBX 974 ($13.11) price objective on shares of Shaftesbury in a research note on Thursday, October 19th. Jefferies Group restated a hold rating and issued a GBX 1,003 ($13.50) price objective on shares of Shaftesbury in a research note on Wednesday, November 29th. Peel Hunt upped their price objective on Shaftesbury from GBX 875 ($11.78) to GBX 970 ($13.06) and gave the company a reduce rating in a research note on Tuesday, November 28th. Finally, Goldman Sachs Group restated a sell rating and issued a GBX 883 ($11.88) price objective on shares of Shaftesbury in a research note on Wednesday, September 27th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 972.10 ($13.08).
Shares of Shaftesbury (SHB) opened at GBX 999.19 ($13.45) on Tuesday. Shaftesbury has a 1-year low of GBX 861 ($11.59) and a 1-year high of GBX 1,036 ($13.94).
Shaftesbury (LON:SHB) last announced its quarterly earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). Shaftesbury had a return on equity of 8.41% and a net margin of 186.52%. The company had revenue of £111.50 million for the quarter.
The business also recently disclosed a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, January 18th will be issued a dividend of GBX 8.10 ($0.11) per share. This is a boost from Shaftesbury’s previous dividend of $7.90. The ex-dividend date is Thursday, January 18th. This represents a yield of 0.82%.
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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.
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