Shaftesbury Capital PLC (SHC) To Go Ex-Dividend on April 25th

Shaftesbury Capital PLC (LON:SHC) declared a dividend on Thursday, February 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 25th will be given a dividend of GBX 1.65 ($0.02) per share on Friday, May 31st. This represents a yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Shaftesbury Capital’s previous dividend of $1.50. The official announcement can be accessed at this link.

Shaftesbury Capital Price Performance

Shares of Shaftesbury Capital stock opened at GBX 135.10 ($1.67) on Tuesday. The business’s fifty day moving average price is GBX 134.31 and its two-hundred day moving average price is GBX 127.47. The company has a market capitalization of £2.63 billion, a P/E ratio of 298.89 and a beta of 1.11. Shaftesbury Capital has a 1-year low of GBX 101.90 ($1.26) and a 1-year high of GBX 145.60 ($1.80).

Insider Transactions at Shaftesbury Capital

In other news, insider Ian Hawksworth acquired 88,888 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were bought at an average price of GBX 124 ($1.53) per share, with a total value of £110,221.12 ($136,142.69). Company insiders own 3.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 160 ($1.98) target price on shares of Shaftesbury Capital in a research note on Tuesday, March 5th. HSBC raised Shaftesbury Capital to a “buy” rating and set a GBX 149 ($1.84) target price on the stock in a research note on Thursday, March 21st.

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 at December 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End.