Shaftesbury plc (LON:SHB) insider Richard Akers acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of GBX 949 ($13.11) per share, with a total value of £28,470 ($39,334.07).

Shaftesbury plc (LON:SHB) traded up GBX 9.50 ($0.13) during midday trading on Monday, reaching GBX 952.50 ($13.16). 429,110 shares of the company’s stock were exchanged, compared to its average volume of 463,026. Shaftesbury plc has a 52 week low of GBX 878 ($12.13) and a 52 week high of GBX 1,055 ($14.58). The firm has a market capitalization of $2,920.00 and a PE ratio of 881.94.

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 Zacks’ consensus estimate of GBX 16.30 ($0.23) by GBX (0.10) ($0.00). Shaftesbury had a net margin of 351.94% and a return on equity of 15.53%. The company had revenue of £111.50 million during the quarter.

The business 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. The ex-dividend date of this dividend is Thursday, January 18th. This represents a yield of 0.82%. This is a boost from Shaftesbury’s previous dividend of $7.90.

SHB has been the subject of a number of analyst reports. Liberum Capital reissued a “hold” rating and issued a GBX 1,075 ($14.85) price objective on shares of Shaftesbury in a report on Wednesday, December 20th. Numis Securities reissued a “hold” rating and issued a GBX 974 ($13.46) price objective on shares of Shaftesbury in a report on Thursday, October 19th. Jefferies Group reissued a “hold” rating and issued a GBX 1,003 ($13.86) price objective on shares of Shaftesbury in a report on Wednesday, November 29th. Canaccord Genuity upped their price objective on shares of Shaftesbury from GBX 925 ($12.78) to GBX 965 ($13.33) and gave the company a “hold” rating in a report on Friday, December 22nd. Finally, JPMorgan Chase & Co. lowered shares of Shaftesbury to a “neutral” rating and set a GBX 1,150 ($15.89) price objective for the company. in a report on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,017 ($14.05).

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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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