Royal Bank of Canada cut shares of Hammerson (LON:HMSO) to a sector performer rating in a research report released on Wednesday, Digital Look reports. The brokerage currently has GBX 290 ($3.79) price objective on the real estate investment trust’s stock.
A number of other equities research analysts also recently issued reports on HMSO. JPMorgan Chase & Co. reissued a neutral rating on shares of Hammerson in a report on Tuesday, July 23rd. Morgan Stanley lowered their target price on shares of Hammerson from GBX 280 ($3.66) to GBX 230 ($3.01) and set an equal weight rating on the stock in a research note on Monday, September 2nd. Deutsche Bank reiterated a buy rating on shares of Hammerson in a research note on Tuesday, July 30th. Peel Hunt reiterated an add rating on shares of Hammerson in a research note on Tuesday. Finally, Liberum Capital reiterated a hold rating on shares of Hammerson in a research report on Wednesday, August 21st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Hammerson currently has an average rating of Hold and a consensus price target of GBX 331.75 ($4.33).
HMSO traded up GBX 5.80 ($0.08) during trading on Wednesday, reaching GBX 315.80 ($4.13). 4,370,549 shares of the company were exchanged, compared to its average volume of 5,840,000. The company’s 50-day moving average is GBX 264.83 and its two-hundred day moving average is GBX 279.97. The company has a market cap of $2.42 billion and a price-to-earnings ratio of -3.79. The company has a quick ratio of 0.74, a current ratio of 0.87 and a debt-to-equity ratio of 65.05. Hammerson has a 12-month low of GBX 202.90 ($2.65) and a 12-month high of GBX 454.30 ($5.94).
The business also recently disclosed a dividend, which was paid on Monday, October 7th. Stockholders of record on Thursday, August 29th were given a dividend of GBX 11.10 ($0.15) per share. This represents a dividend yield of 4.13%. The ex-dividend date was Thursday, August 29th. Hammerson’s dividend payout ratio (DPR) is currently -0.31%.
In related news, insider Adam Metz acquired 44,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of GBX 208 ($2.72) per share, for a total transaction of £91,520 ($119,587.09).
Hammerson Company Profile
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.
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