Shaftesbury (SHB) Receives “Hold” Rating from Numis Securities

Numis Securities reissued their hold rating on shares of Shaftesbury (LON:SHB) in a research note published on Wednesday morning. They currently have a GBX 1,019 ($13.71) price objective on the real estate investment trust’s stock.

Several other analysts have also weighed in on SHB. Peel Hunt restated a reduce rating and issued a GBX 970 ($13.06) price objective on shares of Shaftesbury in a report on Tuesday. J P Morgan Chase & Co restated an overweight rating and issued a GBX 1,100 ($14.80) price objective on shares of Shaftesbury in a report on Wednesday, November 29th. Jefferies Group restated a hold rating and issued a GBX 1,003 ($13.50) price objective on shares of Shaftesbury in a report on Wednesday, November 29th. Liberum Capital restated a hold rating and issued a GBX 1,025 ($13.80) price objective on shares of Shaftesbury in a report on Monday, September 25th. Finally, Goldman Sachs Group restated a sell rating and issued a GBX 883 ($11.88) price objective on shares of Shaftesbury in a report on Wednesday, September 27th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 972.10 ($13.08).

Shaftesbury (LON:SHB) traded down GBX 11.97 ($0.16) during trading hours on Wednesday, reaching GBX 990.50 ($13.33). The company had a trading volume of 970,931 shares, compared to its average volume of 468,485. Shaftesbury has a twelve month low of GBX 861 ($11.59) and a twelve month high of GBX 1,036 ($13.94).

Shaftesbury (LON:SHB) last announced its quarterly earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). Shaftesbury had a return on equity of 8.41% and a net margin of 186.52%. The business had revenue of £111.50 million for the quarter.

The firm also recently declared a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, January 18th will be given a dividend of GBX 8.10 ($0.11) per share. This represents a yield of 0.82%. This is a positive change from Shaftesbury’s previous dividend of $7.90. The ex-dividend date of this dividend is Thursday, January 18th.

In other news, insider Jill C. Little bought 2,997 shares of the stock in a transaction on Thursday, December 7th. The shares were purchased at an average price of GBX 993 ($13.36) per share, for a total transaction of £29,760.21 ($40,054.12).

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About Shaftesbury

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.

Analyst Recommendations for Shaftesbury (LON:SHB)

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