Numis Securities Reaffirms Hold Rating for Hammerson (HMSO)

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).

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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).

Hammerson (LON:HMSO) last released its earnings results on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.44) EPS for the quarter, topping analysts’ consensus estimates of GBX 30.90 ($0.43) by GBX 0.20 ($0.00). Hammerson had a return on equity of 3.36% and a net margin of 97.06%. The firm had revenue of £248.90 million for the quarter.

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.

Analyst Recommendations for Hammerson (LON:HMSO)

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