Numis Securities restated their hold rating on shares of Hammerson (LON:HMSO) in a research note issued to investors on Thursday morning. The brokerage currently has a GBX 559 ($7.85) target price on the real estate investment trust’s stock.
HMSO has been the topic of a number of other reports. Peel Hunt reissued a hold rating and issued a GBX 525 ($7.37) target price (down from GBX 550 ($7.72)) on shares of Hammerson in a research note on Wednesday, January 17th. Goldman Sachs cut 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 research note on Wednesday, March 14th. Liberum Capital reissued a hold rating and issued a GBX 610 ($8.56) target price on shares of Hammerson in a research note on Monday, March 19th. Citigroup reissued a neutral rating and issued a GBX 539 ($7.57) target price on shares of Hammerson in a research note on Tuesday, February 27th. Finally, Canaccord Genuity cut their target price on Hammerson from GBX 655 ($9.19) to GBX 590 ($8.28) and set a buy rating on the stock in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 573.54 ($8.05).
LON HMSO opened at GBX 537.80 ($7.55) on Thursday. Hammerson has a 12 month low of GBX 430.40 ($6.04) and a 12 month high of £523.38 ($734.67).
The firm also recently declared a dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, March 15th will be issued a dividend of GBX 14.80 ($0.21) per share. This is an increase from Hammerson’s previous dividend of $10.70. This represents a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, March 15th.
In other Hammerson news, insider Timon Drakesmith purchased 15,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of GBX 461 ($6.47) per share, with a total value of £69,150 ($97,066.25).
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Hammerson Company Profile
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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