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

Several other equities research analysts have also recently commented on the stock. Peel Hunt reissued a reduce rating and set a GBX 970 ($13.06) price target on shares of Shaftesbury in a research report on Tuesday, December 5th. J P Morgan Chase & Co boosted their price target on shares of Shaftesbury from GBX 1,100 ($14.80) to GBX 1,150 ($15.48) and gave the stock an overweight rating in a research report on Tuesday, December 5th. Jefferies Group reissued a hold rating and set a GBX 1,003 ($13.50) price target on shares of Shaftesbury in a research report on Wednesday, November 29th. Liberum Capital reissued a hold rating and set a GBX 1,025 ($13.80) price target on shares of Shaftesbury in a research report on Tuesday, November 28th. Finally, Goldman Sachs Group restated a sell rating and set a GBX 883 ($11.88) price objective on shares of Shaftesbury in a research note on Wednesday, September 27th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 972.10 ($13.08).

Shares of Shaftesbury (LON SHB) opened at GBX 1,000 ($13.46) on Wednesday. Shaftesbury has a 52-week low of GBX 861 ($11.59) and a 52-week high of GBX 1,036 ($13.94).

Shaftesbury (LON:SHB) last issued its quarterly earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) EPS for the quarter, missing the 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 company also recently disclosed a dividend, which will be paid on Friday, February 16th. Stockholders of record on Thursday, January 18th will be paid a dividend of GBX 8.10 ($0.11) per share. The ex-dividend date is Thursday, January 18th. This is a positive change from Shaftesbury’s previous dividend of $7.90. This represents a dividend yield of 0.82%.

In other news, insider Jill C. Little acquired 2,997 shares of the stock in a transaction dated Thursday, December 7th. The shares were bought at an average cost 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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