Shaftesbury plc (LON:SHB) insider Brian Bickell purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, June 19th. The stock was acquired at an average cost of GBX 930 ($12.38) per share, with a total value of £139,500 ($185,727.60).
Shares of Shaftesbury opened at GBX 932.50 ($12.42) on Wednesday, Marketbeat reports. Shaftesbury plc has a one year low of GBX 894.50 ($11.91) and a one year high of GBX 1,055 ($14.05).
Shaftesbury (LON:SHB) last released its quarterly earnings data on Tuesday, May 22nd. The real estate investment trust reported GBX 8.40 ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 9 ($0.12) by GBX (0.60) (($0.01)). Shaftesbury had a return on equity of 15.53% and a net margin of 351.94%.
The company also recently announced a dividend, which will be paid on Friday, July 6th. Stockholders of record on Thursday, June 14th will be paid a GBX 8.30 ($0.11) dividend. The ex-dividend date is Thursday, June 14th. This is an increase from Shaftesbury’s previous dividend of $8.10. This represents a dividend yield of 0.84%.
SHB has been the topic of a number of recent research reports. Credit Suisse Group upgraded shares of Shaftesbury to a “neutral” rating and boosted their price target for the stock from GBX 860 ($11.45) to GBX 1,015 ($13.51) in a research note on Wednesday, June 6th. JPMorgan Chase & Co. raised shares of Shaftesbury to an “overweight” rating in a report on Tuesday, June 5th. Numis Securities boosted their price objective on shares of Shaftesbury from GBX 1,019 ($13.57) to GBX 1,028 ($13.69) and gave the stock a “hold” rating in a report on Wednesday, May 30th. Peel Hunt reissued a “reduce” rating on shares of Shaftesbury in a report on Tuesday, May 22nd. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Shaftesbury in a report on Tuesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Shaftesbury presently has a consensus rating of “Hold” and an average price target of GBX 993.10 ($13.22).
We invest in real estate in London's West End, a location that has many unique features which bring prosperity, resilience and opportunity to the local economy. We focus on central locations close to a renowned concentration of world-class attractions which, together with unmatched shopping and leisure choices, attract huge numbers of domestic and overseas visitors.
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