Hammerson plc (HMSO) Insider Buys £50,150 in Stock

Hammerson plc (LON:HMSO) insider David Atkins bought 17,000 shares of Hammerson stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of GBX 295 ($3.85) per share, with a total value of £50,150 ($65,529.86).

Hammerson stock traded up GBX 0.20 ($0.00) during mid-day trading on Tuesday, hitting GBX 293 ($3.83). The company’s stock had a trading volume of 3,957,515 shares, compared to its average volume of 5,840,000. The company has a market cap of $2.25 billion and a P/E ratio of -8.59. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 58.29. Hammerson plc has a 52-week low of GBX 300.70 ($3.93) and a 52-week high of GBX 567.60 ($7.42).

The firm also recently disclosed a dividend, which was paid on Thursday, May 2nd. Investors of record on Thursday, March 21st were paid a GBX 14.80 ($0.19) dividend. This is an increase from Hammerson’s previous dividend of $11.10. This represents a yield of 3.99%. The ex-dividend date of this dividend was Thursday, March 21st. Hammerson’s dividend payout ratio is currently -0.76%.

Several brokerages have recently commented on HMSO. Peel Hunt reaffirmed a “hold” rating on shares of Hammerson in a report on Tuesday. Barclays reduced their target price on Hammerson from GBX 410 ($5.36) to GBX 320 ($4.18) and set an “underweight” rating for the company in a report on Tuesday, April 16th. Stifel Nicolaus downgraded Hammerson to a “sell” rating and reduced their target price for the company from GBX 340 ($4.44) to GBX 300 ($3.92) in a report on Monday, April 8th. HSBC reduced their target price on Hammerson from GBX 543 ($7.10) to GBX 400 ($5.23) and set a “buy” rating for the company in a report on Thursday, March 28th. Finally, Goldman Sachs Group reduced their target price on Hammerson from GBX 367 ($4.80) to GBX 345 ($4.51) and set a “neutral” rating for the company in a report on Tuesday, March 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Hammerson presently has an average rating of “Hold” and an average price target of GBX 398.43 ($5.21).

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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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