Peel Hunt Reaffirms Hold Rating for Hammerson (HMSO)

Peel Hunt reissued their hold rating on shares of Hammerson (LON:HMSO) in a research report released on Thursday. They currently have a GBX 525 ($7.37) price objective on the real estate investment trust’s stock, down from their prior price objective of GBX 795 ($11.16).

Several other equities research analysts have also recently commented on the company. Liberum Capital reaffirmed a hold rating and set a GBX 610 ($8.56) price objective on shares of Hammerson in a research report on Monday, March 19th. Numis Securities reissued a hold rating and issued a GBX 518 ($7.27) target price on shares of Hammerson in a report on Monday, March 19th. Goldman Sachs lowered their target price on Hammerson from GBX 625 ($8.77) to GBX 620 ($8.70) and set a buy rating on the stock in a report on Wednesday, March 14th. Credit Suisse Group increased their target price on Hammerson from GBX 460 ($6.46) to GBX 550 ($7.72) and gave the company a neutral rating in a report on Thursday, March 15th. Finally, Morgan Stanley decreased their price objective on Hammerson from GBX 650 ($9.12) to GBX 520 ($7.30) and set an overweight rating on the stock in a research note on Tuesday, March 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Hammerson presently has a consensus rating of Hold and an average price target of GBX 573.54 ($8.05).

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HMSO traded down GBX 9.20 ($0.13) during midday trading on Thursday, hitting GBX 537.80 ($7.55). The stock had a trading volume of 7,221,675 shares, compared to its average volume of 5,840,000. Hammerson has a 1 year low of GBX 430.40 ($6.04) and a 1 year high of £523.38 ($734.67).

Hammerson (LON:HMSO) last announced its earnings results on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.44) EPS for the quarter, beating analysts’ consensus estimates 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. Shareholders of record on Thursday, March 15th will be issued a dividend of GBX 14.80 ($0.21) per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a dividend yield of 3.32%. This is a boost from Hammerson’s previous dividend of $10.70.

In related news, insider Timon Drakesmith acquired 15,000 shares of Hammerson stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of GBX 461 ($6.47) per share, for a total transaction of £69,150 ($97,066.25).

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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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