Hammerson (LON:HMSO) Reaches New 12-Month Low – Here’s What Happened

Hammerson Plc (LON:HMSOGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as GBX 243.60 ($3.15) and last traded at GBX 244.60 ($3.16), with a volume of 154997 shares traded. The stock had previously closed at GBX 248 ($3.21).

Hammerson Price Performance

The stock has a market capitalization of £1.20 billion, a price-to-earnings ratio of -44.62, a P/E/G ratio of 1.68 and a beta of 2.30. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77. The stock has a fifty day moving average of GBX 271.38 and a 200-day moving average of GBX 263.87.

Hammerson (LON:HMSOGet Free Report) last announced its quarterly 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%. On average, equities research analysts predict that Hammerson Plc will post 20.7491639 EPS for the current fiscal year.

Hammerson Increases Dividend

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

Insider Buying and Selling at Hammerson

In other Hammerson news, insider Habib Annous acquired 55,050 shares of the stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of GBX 270 ($3.49) per share, with a total value of £148,635 ($192,159.02). 77.21% of the stock is owned by company insiders.

About Hammerson

(Get Free Report)

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.

Further Reading

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