Hammerson (HMSO) Upgraded to Equal weight by Barclays

Barclays upgraded shares of Hammerson (LON:HMSO) to an equal weight rating in a research note released on Thursday morning. The brokerage currently has GBX 520 ($7.45) target price on the real estate investment trust’s stock, up from their previous target price of GBX 450 ($6.44).

Several other research analysts also recently weighed in on the company. Credit Suisse Group upped their price target on Hammerson from GBX 500 ($7.16) to GBX 545 ($7.80) and gave the stock a neutral rating in a research note on Wednesday. Numis Securities reiterated a hold rating and set a GBX 559 ($8.00) target price on shares of Hammerson in a research report on Wednesday. Liberum Capital restated a hold rating and set a GBX 610 ($8.73) price target on shares of Hammerson in a report on Wednesday. Peel Hunt restated a hold rating and set a GBX 525 ($7.52) price target on shares of Hammerson in a report on Wednesday, April 11th. Finally, Goldman Sachs decreased their price target on Hammerson from GBX 625 ($8.95) to GBX 620 ($8.88) and set a buy rating on the stock in a report on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 577.77 ($8.27).

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Shares of LON HMSO traded up GBX 14.80 ($0.21) during midday trading on Thursday, hitting GBX 534.20 ($7.65). 4,426,093 shares of the company’s stock traded hands, compared to its average volume of 5,840,000. Hammerson has a 1 year low of GBX 430.40 ($6.16) and a 1 year high of £523.38 ($749.40).

Hammerson (LON:HMSO) last released its earnings results on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.45) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.90 ($0.44) by GBX 0.20 ($0.00). Hammerson had a net margin of 97.06% and a return on equity of 3.36%. The company had revenue of £248.90 million during the quarter.

The firm also recently announced a dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, March 15th will be paid a GBX 14.80 ($0.21) dividend. This is a positive change from Hammerson’s previous dividend of $10.70. The ex-dividend date is Thursday, March 15th. This represents a yield of 3.32%.

In other news, insider Timon Drakesmith purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of GBX 461 ($6.60) per share, for a total transaction of £69,150 ($99,012.03).

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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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