Hammerson (LON:HMSO) Shares Pass Above 200-Day Moving Average – What’s Next?

Hammerson Plc (LON:HMSO)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 248.16 ($3.22) and traded as high as GBX 254.80 ($3.30). Hammerson shares last traded at GBX 252.20 ($3.27), with a volume of 47,898,219 shares trading hands.

Hammerson Trading Up 1.7 %

The firm has a 50-day moving average price of GBX 275.70 and a 200-day moving average price of GBX 249.78. The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77. The stock has a market capitalization of £1.25 billion, a PE ratio of -46.48, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30.

Hammerson (LON:HMSO) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported GBX 19.90 ($0.26) earnings per share for the quarter. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%. As a group, equities analysts forecast that Hammerson Plc will post 20.7491639 EPS for the current fiscal year.

Hammerson Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, April 24th will be issued a dividend of GBX 8.07 ($0.10) per share. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from Hammerson’s previous dividend of $0.76. This represents a yield of 3.2%. Hammerson’s dividend payout ratio is -273.62%.

Insider Buying and Selling

In related news, insider Habib Annous purchased 55,050 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of GBX 270 ($3.50) per share, for a total transaction of £148,635 ($192,732.11). 77.21% of the stock is owned by 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.