Peel Hunt reissued their hold rating on shares of Hammerson (LON:HMSO) in a report issued on Monday, February 26th. Peel Hunt currently has a GBX 525 ($7.25) price objective on the real estate investment trust’s stock.
Several other brokerages have also recently issued reports on HMSO. Liberum Capital reaffirmed a hold rating and set a GBX 610 ($8.43) target price on shares of Hammerson in a research note on Wednesday, January 31st. Numis Securities restated a reduce rating and issued a GBX 518 ($7.16) price objective on shares of Hammerson in a report on Monday, February 26th. Jefferies Group reiterated an underperform rating and set a GBX 440 ($6.08) price target on shares of Hammerson in a research note on Thursday, January 18th. Canaccord Genuity cut their price target on shares of Hammerson from GBX 655 ($9.05) to GBX 590 ($8.15) and set a buy rating on the stock in a research note on Friday, December 22nd. Finally, JPMorgan Chase & Co. restated an overweight rating and set a GBX 725 ($10.02) target price on shares of Hammerson in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 576.79 ($7.97).
Hammerson (LON HMSO) traded up GBX 1 ($0.01) during mid-day trading on Monday, reaching GBX 456.60 ($6.31). 5,030,000 shares of the company were exchanged, compared to its average volume of 5,660,000. Hammerson has a one year low of GBX 440.20 ($6.08) and a one year high of £523.38 ($723.10). The firm has a market cap of $3,630.00 and a PE ratio of 931.84.
Hammerson (LON:HMSO) last posted its earnings results on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.43) earnings per share for the quarter, beating the consensus estimate of GBX 30.90 ($0.43) by GBX 0.20 ($0.00). Hammerson had a net margin of 97.06% and a return on equity of 3.36%. The firm had revenue of £248.90 million during the quarter.
The company also recently disclosed a dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, March 15th will be paid a GBX 14.80 ($0.20) dividend. This is a positive change from Hammerson’s previous dividend of $10.70. This represents a dividend yield of 3.32%. The ex-dividend date is Thursday, March 15th.
In related news, insider Timon Drakesmith bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of GBX 461 ($6.37) per share, for a total transaction of £69,150 ($95,537.44).
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Hammerson plc is a real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments include United Kingdom, France and Ireland. The Company’s portfolio includes investments in approximately 20 prime shopping centers in the United Kingdom, France and Ireland, over 20 convenient retail parks in the United Kingdom and approximately 20 premium outlets across Europe.
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