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).
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).
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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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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