Shaftesbury plc (LON:SHB) announced a dividend on Tuesday, May 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 14th will be given a dividend of GBX 8.30 ($0.11) per share by the real estate investment trust on Friday, July 6th. This represents a yield of 0.84%. The ex-dividend date is Thursday, June 14th. This is a positive change from Shaftesbury’s previous dividend of $8.10. The official announcement can be accessed at this link.
SHB stock traded up GBX 2.80 ($0.04) during midday trading on Thursday, reaching GBX 932 ($12.41). 843,451 shares of the company were exchanged, compared to its average volume of 486,936. Shaftesbury has a 1-year low of GBX 894.50 ($11.91) and a 1-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 for the quarter, missing analysts’ consensus estimates 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%.
A number of analysts have weighed in on SHB shares. Liberum Capital reissued a “hold” rating on shares of Shaftesbury in a report on Tuesday, May 22nd. Credit Suisse Group cut shares of Shaftesbury to an “underperform” rating and raised their price objective for the stock from GBX 810 ($10.78) to GBX 860 ($11.45) in a report on Friday, May 4th. Goldman Sachs Group cut their target price on shares of Shaftesbury from GBX 890 ($11.85) to GBX 835 ($11.12) and set a “sell” rating on the stock in a report on Wednesday, March 14th. Barclays reaffirmed an “equal weight” rating and issued a GBX 970 ($12.91) target price on shares of Shaftesbury in a report on Thursday, February 22nd. Finally, Morgan Stanley lifted their target price on shares of Shaftesbury from GBX 880 ($11.72) to GBX 970 ($12.91) and gave the company an “underweight” rating in a report on Tuesday, March 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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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