Shaftesbury Capital (LON:SHC) Sets New 12-Month Low - Should You Sell?

Shares of Shaftesbury Capital PLC (LON:SHC - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 111.60 ($1.47) and last traded at GBX 113.50 ($1.50), with a volume of 7537670 shares traded. The stock had previously closed at GBX 119.20 ($1.57).

Shaftesbury Capital Stock Performance

The company's 50 day simple moving average is GBX 121.36 and its two-hundred day simple moving average is GBX 128.45. The stock has a market cap of £2.36 billion, a price-to-earnings ratio of 59.37 and a beta of 1.15.

Shaftesbury Capital (LON:SHC - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX 4 ($0.05) earnings per share (EPS) for the quarter. Shaftesbury Capital had a return on equity of 1.07% and a net margin of 16.37%. On average, equities research analysts predict that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current fiscal year.

Shaftesbury Capital Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 24th will be given a dividend of GBX 1.80 ($0.02) per share. This represents a yield of 1.54%. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from Shaftesbury Capital's previous dividend of $1.70. Shaftesbury Capital's dividend payout ratio (DPR) is presently 145.94%.

Insiders Place Their Bets

In related news, insider Madeleine Cosgrave purchased 40,000 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was bought at an average price of GBX 127 ($1.67) per share, for a total transaction of £50,800 ($66,983.12). Insiders own 1.71% of the company's stock.

Shaftesbury Capital Company Profile

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, extends to 2.7 million square feet of lettable space across the most vibrant areas of London's West End. With a diverse mix of shops, restaurants, cafés, bars, residential apartments and offices, our destinations include the high footfall, thriving neighbourhoods of Covent Garden, Carnaby, Soho and Chinatown.