Hammerson (HMSO) Given Overweight Rating at JPMorgan Chase

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).

About Hammerson

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.

Analyst Recommendations for Hammerson (LON:HMSO)

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