Shaftesbury Capital (LON:SHC) Earns Buy Rating from Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Shaftesbury Capital (LON:SHC) in a research report released on Thursday, Marketbeat reports. They currently have a GBX 174 ($2.24) target price on the stock.

Separately, Citigroup reiterated a buy rating on shares of Shaftesbury Capital in a research note on Monday, July 8th.

Shaftesbury Capital Trading Down 1.9 %

Shares of SHC opened at GBX 147.80 ($1.90) on Thursday. The firm has a market cap of £2.88 billion, a P/E ratio of 328.44 and a beta of 1.13. The company’s 50-day moving average price is GBX 144.66 and its 200 day moving average price is GBX 138.29. Shaftesbury Capital has a 12-month low of GBX 101.90 ($1.31) and a 12-month high of GBX 156 ($2.01).

Shaftesbury Capital Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, August 22nd will be given a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 22nd. This is an increase from Shaftesbury Capital’s previous dividend of $1.65. This represents a dividend yield of 1.12%. Shaftesbury Capital’s payout ratio is currently 666.67%.

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 at December 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End.