Hammerson (LON:HMSO) Reaches New 12-Month High at $29.94

Hammerson Plc (LON:HMSO) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 29.94 ($0.38) and last traded at GBX 29.18 ($0.37), with a volume of 6831795 shares traded. The stock had previously closed at GBX 29 ($0.37).

Hammerson Stock Performance

The firm has a market capitalization of £1.40 billion, a P/E ratio of -2,824.00, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30. The stock has a 50-day moving average of GBX 27.69 and a 200 day moving average of GBX 27.05. The company has a debt-to-equity ratio of 68.44, a quick ratio of 1.28 and a current ratio of 2.30.

Hammerson Increases Dividend

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

Insider Buying and Selling

In other news, insider Habib Annous acquired 12,936 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of GBX 29 ($0.37) per share, for a total transaction of £3,751.44 ($4,767.97). 18.61% of the stock is owned by corporate insiders.

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.