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).
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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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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