Simon J. Quayle Sells 18,430 Shares of Shaftesbury PLC (SHB) Stock
Shaftesbury PLC (LON:SHB) insider Simon J. Quayle sold 18,430 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of GBX 1,000 ($13.46), for a total transaction of £184,300 ($248,048.45).
Shares of Shaftesbury PLC (LON:SHB) opened at GBX 995.50 ($13.40) on Friday. Shaftesbury PLC 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 posted its earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). The business had revenue of £111.50 million during the quarter. Shaftesbury had a return on equity of 8.41% and a net margin of 186.52%.
The firm also recently announced a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be given a GBX 8.10 ($0.11) dividend. This represents a yield of 0.82%. This is an increase from Shaftesbury’s previous dividend of $7.90. The ex-dividend date is Thursday, January 18th.
Several research analysts have weighed in on the stock. Goldman Sachs Group reiterated a “sell” rating and issued a GBX 883 ($11.88) price objective on shares of Shaftesbury in a research note on Wednesday, September 27th. Numis Securities reiterated a “hold” rating and issued a GBX 974 ($13.11) price objective on shares of Shaftesbury in a research note on Monday, September 25th. Liberum Capital reiterated a “hold” rating and issued a GBX 1,025 ($13.80) price objective on shares of Shaftesbury in a research note on Monday, September 25th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,150 ($15.48) price objective on shares of Shaftesbury in a research note on Wednesday. Finally, Jefferies Group reiterated 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. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 977.10 ($13.15).
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Shaftesbury Company Profile
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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