Hammerson plc (LON:HMSO) insider Timon Drakesmith acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of GBX 461 ($6.37) per share, with a total value of £69,150 ($95,537.44).
Hammerson plc (HMSO) traded up GBX 1 ($0.01) during midday trading on Wednesday, reaching GBX 456.60 ($6.31). The company’s stock had a trading volume of 5,030,000 shares, compared to its average volume of 5,660,000. Hammerson plc has a 1-year low of GBX 440.20 ($6.08) and a 1-year high of £523.38 ($723.10). The stock has a market cap of $3,630.00 and a PE ratio of 931.84.
Hammerson (LON:HMSO) last released its earnings results on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.43) EPS for the quarter, beating the Zacks’ 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 company also recently announced 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 represents a dividend yield of 3.32%. The ex-dividend date is Thursday, March 15th. This is a boost from Hammerson’s previous dividend of $10.70.
HMSO has been the subject of a number of recent analyst reports. Goldman Sachs Group raised Hammerson to a “buy” rating and set a GBX 625 ($8.63) price target on the stock in a research report on Friday, December 8th. Canaccord Genuity dropped their price objective on Hammerson from GBX 655 ($9.05) to GBX 590 ($8.15) and set a “buy” rating on the stock in a report on Friday, December 22nd. Jefferies Group reissued an “underperform” rating and set a GBX 464 ($6.41) price objective on shares of Hammerson in a report on Friday, November 24th. Liberum Capital reiterated a “hold” rating and set a GBX 610 ($8.43) price objective on shares of Hammerson in a research report on Wednesday, November 22nd. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 525 ($7.25) price objective (down from GBX 550 ($7.60)) on shares of Hammerson in a research report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 576.79 ($7.97).
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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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