Royal Bank of Canada Upgrades Hammerson (LON:HMSO) to “Outperform”

Royal Bank of Canada upgraded shares of Hammerson (LON:HMSO) to an outperform rating in a research report released on Monday morning, Digital Look reports. They currently have GBX 290 ($3.79) target price on the real estate investment trust’s stock, down from their prior target price of GBX 330 ($4.31).

A number of other equities analysts also recently issued reports on HMSO. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Hammerson in a report on Tuesday, July 23rd. Deutsche Bank reiterated a buy rating on shares of Hammerson in a research note on Tuesday, July 30th. Liberum Capital reiterated a hold rating on shares of Hammerson in a research note on Monday, July 29th. Peel Hunt reiterated an add rating on shares of Hammerson in a research note on Friday, August 9th. Finally, UBS Group reiterated a neutral rating on shares of Hammerson in a research note on Tuesday, July 30th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 362.38 ($4.74).

HMSO opened at GBX 203.90 ($2.66) on Monday. The company has a debt-to-equity ratio of 65.05, a current ratio of 0.87 and a quick ratio of 0.74. The company has a market capitalization of $1.56 billion and a price-to-earnings ratio of -2.45. The firm’s fifty day moving average price is GBX 256.90 and its two-hundred day moving average price is GBX 311.51. Hammerson has a 1 year low of GBX 202.90 ($2.65) and a 1 year high of GBX 498.90 ($6.52).

The firm also recently announced a dividend, which will be paid on Monday, October 7th. Stockholders of record on Thursday, August 29th will be paid a dividend of GBX 11.10 ($0.15) per share. This represents a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, August 29th. Hammerson’s payout ratio is -0.31%.

In other news, insider Adam Metz acquired 44,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of GBX 208 ($2.72) per share, for a total transaction of £91,520 ($119,587.09). Also, insider Carol Welch acquired 7,461 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was purchased at an average price of GBX 267 ($3.49) per share, for a total transaction of £19,920.87 ($26,030.15).

About Hammerson

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

Read More: Trading Ex-Dividend Strategy

Analyst Recommendations for Hammerson (LON:HMSO)

Receive News & Ratings for Hammerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hammerson and related companies with MarketBeat.com's FREE daily email newsletter.