Hammerson (LON:HMSO) Sets New 1-Year High at $29.52

Shares of Hammerson Plc (LON:HMSO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 29.52 ($0.37) and last traded at GBX 29.52 ($0.37), with a volume of 3905438 shares. The stock had previously closed at GBX 28.52 ($0.36).

Analyst Upgrades and Downgrades

Separately, Barclays lifted their price objective on Hammerson from GBX 30 ($0.38) to GBX 32 ($0.40) and gave the stock an “overweight” rating in a report on Wednesday, November 29th.

Hammerson Stock Up 4.4 %

The company has a current ratio of 2.30, a quick ratio of 1.28 and a debt-to-equity ratio of 68.44. The stock has a 50-day simple moving average of GBX 26.14 and a 200-day simple moving average of GBX 25.97. The company has a market cap of £1.49 billion, a price-to-earnings ratio of -2,978.00, a price-to-earnings-growth ratio of 1.68 and a beta of 2.28.

Hammerson Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 4th will be given a dividend of GBX 0.78 ($0.01) per share. This represents a yield of 3.15%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Hammerson’s previous dividend of $0.72. Hammerson’s payout ratio is -20,000.00%.

About Hammerson

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods.