Shaftesbury - SHB Share Forecast, Price & News

Shaftesbury is a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End. Focused on food, beverage, retail and leisure, our portfolio is clustered mainly in Carnaby, Seven Dials and Chinatown, but also includes substantial ownerships in East and West Covent Garden, Soho and Fitzrovia. Extending to 16 acres, the portfolio comprises 611 restaurants, cafés, pubs and shops, extending to 1.1 million sq. ft., 0.4 million sq. ft. of offices and 624 apartments. All our properties are close to the main West End Underground stations, and within ten minutes' walk of the two West End transport hubs for the Elizabeth Line, at Tottenham Court Road and Bond Street. In addition, we have a 50% interest in the Longmartin joint venture, which has a long leasehold interest, extending to 1.9 acres, in St Martin's Courtyard in Covent Garden.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SHB shares. Berenberg Bank reduced their price target on Shaftesbury from GBX 725 ($8.76) to GBX 654 ($7.90) and set a "buy" rating for the company in a report on Friday, July 1st. Barclays reiterated an "underweight" rating and issued a GBX 560 ($6.77) target price on shares of Shaftesbury in a research note on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 647.33 ($7.82).

Shaftesbury Stock Performance

Shares of LON:SHB opened at GBX 483 ($5.84) on Friday. The business's 50-day simple moving average is GBX 529.73 and its 200-day simple moving average is GBX 570.28. The company has a debt-to-equity ratio of 36.58, a quick ratio of 5.96 and a current ratio of 6.40. Shaftesbury has a 52 week low of GBX 468.40 ($5.66) and a 52 week high of GBX 668.50 ($8.08). The firm has a market cap of £1.86 billion and a price-to-earnings ratio of 464.42.

Shaftesbury Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were issued a dividend of GBX 4.80 ($0.06) per share. This represents a yield of 0.82%. The ex-dividend date was Thursday, June 9th. This is an increase from Shaftesbury's previous dividend of $4.00. Shaftesbury's dividend payout ratio (DPR) is 6.15%.

Insider Transactions at Shaftesbury

In other Shaftesbury news, insider Simon J. Quayle acquired 76,014 shares of the company's stock in a transaction dated Wednesday, June 22nd. The shares were acquired at an average cost of GBX 548 ($6.62) per share, for a total transaction of £416,556.72 ($503,330.98).