Hammerson plc (HMSO) Insider Buys £50,150 in Stock

Hammerson plc (LON:HMSO) insider David Atkins purchased 17,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of GBX 295 ($3.85) per share, with a total value of £50,150 ($65,529.86).

HMSO opened at GBX 293 ($3.83) on Wednesday. The company has a market capitalization of $2.25 billion and a price-to-earnings ratio of -8.59. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 58.29. Hammerson plc has a 12-month low of GBX 300.70 ($3.93) and a 12-month high of GBX 567.60 ($7.42).

The firm also recently announced a dividend, which was paid on Thursday, May 2nd. Shareholders of record on Thursday, March 21st were issued a GBX 14.80 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a yield of 3.99%. This is a positive change from Hammerson’s previous dividend of $11.10. Hammerson’s dividend payout ratio (DPR) is -0.76%.

A number of research firms have recently weighed in on HMSO. Liberum Capital reaffirmed a “hold” rating and set a GBX 390 ($5.10) price target on shares of Hammerson in a research note on Monday, February 25th. Peel Hunt reissued a “hold” rating on shares of Hammerson in a research note on Wednesday, May 8th. Deutsche Bank reissued a “buy” rating on shares of Hammerson in a research note on Tuesday, March 19th. Goldman Sachs Group cut their price objective on Hammerson from GBX 441 ($5.76) to GBX 367 ($4.80) and set a “neutral” rating on the stock in a research note on Friday, January 25th. Finally, Barclays cut their price objective on Hammerson from GBX 410 ($5.36) to GBX 320 ($4.18) and set an “underweight” rating on the stock in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 398.43 ($5.21).

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Hammerson Company Profile

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

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