JPMorgan Chase restated their overweight rating on shares of Hammerson (LON:HMSO) in a research note released on Thursday, May 10th. JPMorgan Chase currently has a GBX 700 ($9.50) price target on the real estate investment trust’s stock.
Other equities analysts also recently issued research reports about the company. Peel Hunt restated a hold rating and set a GBX 525 ($7.12) target price on shares of Hammerson in a research report on Wednesday, April 11th. Morgan Stanley cut their target price on Hammerson from GBX 650 ($8.82) to GBX 520 ($7.05) and set an overweight rating for the company in a research report on Tuesday, March 13th. Numis Securities reiterated a reduce rating and issued a GBX 518 ($7.03) price objective on shares of Hammerson in a research report on Monday, February 26th. Jefferies Group reiterated an underperform rating and issued a GBX 440 ($5.97) price objective on shares of Hammerson in a research report on Thursday, January 18th. Finally, Liberum Capital reiterated a hold rating and issued a GBX 610 ($8.27) price objective on shares of Hammerson in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Hammerson has a consensus rating of Hold and a consensus price target of GBX 564 ($7.65).
Shares of Hammerson opened at GBX 552 ($7.49) on Thursday, Marketbeat reports. Hammerson has a twelve month low of GBX 430.40 ($5.84) and a twelve month high of £523.38 ($709.96).
Hammerson (LON:HMSO) last announced its quarterly earnings data on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.42) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.90 ($0.42) by GBX 0.20 ($0.00). Hammerson had a return on equity of 3.36% and a net margin of 97.06%. The company had revenue of £248.90 million for the quarter.
The firm also recently announced a dividend, which was paid on Thursday, April 26th. Shareholders of record on Thursday, March 15th were paid a GBX 14.80 ($0.20) dividend. This represents a yield of 3.32%. This is a boost from Hammerson’s previous dividend of $10.70. The ex-dividend date of this dividend was Thursday, March 15th.
In other Hammerson news, insider Timon Drakesmith sold 45,113 shares of the business’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of GBX 551 ($7.47), for a total value of £248,572.63 ($337,184.79).
Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our portfolio of high-quality retail property has a value of around £10.5 billion and includes 23 prime shopping centres, 17 convenient retail parks and investments in 20 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture.
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