Hammerson (LON:HMSO) Sets New 1-Year High at $29.52

Hammerson Plc (LON:HMSO) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 29.52 ($0.37) and last traded at GBX 29.52 ($0.37), with a volume of 3905438 shares. The stock had previously closed at GBX 28.52 ($0.36).

Wall Street Analysts Forecast Growth

Separately, Barclays upped their price objective on Hammerson from GBX 30 ($0.38) to GBX 32 ($0.40) and gave the stock an “overweight” rating in a report on Wednesday, November 29th.

Hammerson Price Performance

The business has a fifty day moving average price of GBX 26.14 and a 200-day moving average price of GBX 25.97. The company has a current ratio of 2.30, a quick ratio of 1.28 and a debt-to-equity ratio of 68.44. The stock has a market capitalization of £1.49 billion, a PE ratio of -2,978.00, a PEG ratio of 1.68 and a beta of 2.28.

Hammerson Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 4th will be issued a dividend of GBX 0.78 ($0.01) per share. The ex-dividend date is Thursday, April 4th. This is a boost from Hammerson’s previous dividend of $0.72. This represents a yield of 3.15%. Hammerson’s dividend payout ratio is currently -20,000.00%.

Hammerson Company Profile

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods.