Shares of Hammerson plc (LON:HMSO) have earned a consensus rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 566.07 ($7.82).
A number of analysts have recently issued reports on HMSO shares. Morgan Stanley decreased their target price on Hammerson from GBX 650 ($8.98) to GBX 520 ($7.18) and set an “overweight” rating for the company in a report on Tuesday, March 13th. Peel Hunt restated a “hold” rating and set a GBX 525 ($7.25) price objective on shares of Hammerson in a research note on Monday. Liberum Capital restated a “hold” rating and set a GBX 610 ($8.43) price objective on shares of Hammerson in a research note on Wednesday, January 31st. Numis Securities restated a “reduce” rating and set a GBX 518 ($7.16) price objective on shares of Hammerson in a research note on Monday, February 26th. Finally, Jefferies Group restated an “underperform” rating and set a GBX 440 ($6.08) price objective on shares of Hammerson in a research note on Thursday, January 18th.
Hammerson (HMSO) traded up GBX 82.80 ($1.14) during trading on Friday, reaching GBX 538.40 ($7.44). The company had a trading volume of 11,514,641 shares, compared to its average volume of 5,840,000. The stock has a market cap of $3,440.00 and a PE ratio of 1,098.78. Hammerson has a 1 year low of GBX 430.40 ($5.95) and a 1 year high of £523.38 ($723.10).
Hammerson (LON:HMSO) last posted its quarterly earnings results on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.43) EPS for the quarter, beating the consensus estimate of GBX 30.90 ($0.43) by GBX 0.20 ($0.00). The company had revenue of £248.90 million during the quarter. Hammerson had a return on equity of 3.36% and a net margin of 97.06%.
The firm also recently declared 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 boost from Hammerson’s previous dividend of $10.70. The ex-dividend date of this dividend is Thursday, March 15th. This represents a dividend yield of 3.32%.
In other Hammerson news, insider Timon Drakesmith purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of GBX 461 ($6.37) per share, with a total value of £69,150 ($95,537.44).
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Hammerson Company Profile
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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