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).
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.
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