Shaftesbury Capital (LON:SHC) Shares Down 0.1% - Here's Why

Shares of Shaftesbury Capital PLC (LON:SHC - Get Free Report) fell 0.1% during mid-day trading on Tuesday . The stock traded as low as GBX 139.20 ($1.85) and last traded at GBX 139.59 ($1.86). 7,672,052 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 9,020,920 shares. The stock had previously closed at GBX 139.70 ($1.86).

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a "buy" rating on shares of Shaftesbury Capital in a research report on Tuesday, April 29th.

Shaftesbury Capital Stock Down 0.1%

The stock has a market capitalization of £2.70 billion, a price-to-earnings ratio of 67.91 and a beta of 1.15. The business's 50 day simple moving average is GBX 125.69 and its 200-day simple moving average is GBX 126.91.

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 net margin of 16.37% and a return on equity of 1.07%. On average, analysts expect that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current year.

Shaftesbury Capital Increases Dividend

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

Insider Activity at Shaftesbury Capital

In other news, insider Madeleine Cosgrave purchased 40,000 shares of the company's stock in a transaction dated Friday, March 28th. The stock was bought at an average cost of GBX 127 ($1.69) per share, for a total transaction of £50,800 ($67,607.13). 1.71% of the stock is currently owned by insiders.

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.

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