Hammerson (HMSO) PT Raised to GBX 545

Hammerson (LON:HMSO) had its price objective lifted by Credit Suisse Group from GBX 500 ($7.16) to GBX 545 ($7.80) in a report published on Wednesday morning. Credit Suisse Group currently has a neutral rating on the real estate investment trust’s stock.

HMSO has been the subject of a number of other research reports. Liberum Capital reiterated a hold rating and set a GBX 610 ($8.73) price objective on shares of Hammerson in a research report on Monday, January 8th. Numis Securities reiterated a hold rating and set a GBX 515 ($7.37) price objective on shares of Hammerson in a research report on Thursday, January 18th. Citigroup reiterated a neutral rating and set a GBX 539 ($7.72) price objective on shares of Hammerson in a research report on Tuesday, February 27th. Goldman Sachs dropped their price objective on Hammerson from GBX 625 ($8.95) to GBX 620 ($8.88) and set a buy rating for the company in a research report on Wednesday, March 14th. Finally, Peel Hunt reiterated a hold rating and set a GBX 525 ($7.52) price objective on shares of Hammerson in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Hammerson presently has an average rating of Hold and an average target price of GBX 577.77 ($8.27).

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Shares of HMSO stock opened at GBX 540 ($7.73) on Wednesday. Hammerson has a fifty-two week low of GBX 430.40 ($6.16) and a fifty-two week high of £523.38 ($749.40).

Hammerson (LON:HMSO) last posted its quarterly earnings data on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.45) EPS for the quarter, topping analysts’ consensus estimates of GBX 30.90 ($0.44) by GBX 0.20 ($0.00). The firm 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 firm also recently declared a dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, March 15th will be issued a GBX 14.80 ($0.21) dividend. This is a boost 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 Hammerson news, insider Timon Drakesmith purchased 15,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was bought 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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