Hammerson (HMSO) Given “Overweight” Rating at JPMorgan Chase

JPMorgan Chase reissued their overweight rating on shares of Hammerson (LON:HMSO) in a research note issued to investors on Thursday, May 10th. JPMorgan Chase currently has a GBX 700 ($9.50) target price on the real estate investment trust’s stock.

HMSO has been the subject of a number of other research reports. Deutsche Bank decreased their price target on shares of Hammerson from GBX 650 ($8.82) to GBX 600 ($8.14) and set a buy rating for the company in a research note on Thursday, April 26th. Numis Securities restated a hold rating and set a GBX 515 ($6.99) price target on shares of Hammerson in a research note on Thursday, January 18th. Barclays upgraded shares of Hammerson to an equal weight rating and upped their target price for the stock from GBX 450 ($6.10) to GBX 520 ($7.05) in a research note on Thursday, April 19th. Citigroup reiterated a neutral rating and issued a GBX 539 ($7.31) target price on shares of Hammerson in a research note on Tuesday, February 27th. Finally, Goldman Sachs cut their price target on shares of Hammerson from GBX 625 ($8.48) to GBX 620 ($8.41) and set a buy rating on the stock in a report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Hammerson has an average rating of Hold and an average price target of GBX 564 ($7.65).

Shares of HMSO traded down GBX 4 ($0.05) during mid-day trading on Thursday, reaching GBX 552 ($7.49). The company had a trading volume of 4,405,051 shares, compared to its average volume of 5,840,000. Hammerson has a 1-year low of GBX 430.40 ($5.84) and a 1-year high of £523.38 ($709.96).

Hammerson (LON:HMSO) last issued its quarterly earnings results on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.42) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 30.90 ($0.42) by GBX 0.20 ($0.00). The firm had revenue of £248.90 million for the quarter. Hammerson had a net margin of 97.06% and a return on equity of 3.36%.

The business also recently disclosed a dividend, which was paid on Thursday, April 26th. Investors of record on Thursday, March 15th were given a GBX 14.80 ($0.20) dividend. This represents a dividend yield of 3.32%. This is a boost from Hammerson’s previous dividend of $10.70. The ex-dividend date was Thursday, March 15th.

In related news, insider Timon Drakesmith sold 45,113 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The shares were 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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