Hammerson plc (LON:HMSO) Declares Dividend of GBX 10.70
Hammerson plc (LON:HMSO) announced a dividend on Wednesday, July 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 31st will be paid a dividend of GBX 10.70 ($0.14) per share by the real estate investment trust on Monday, October 9th. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 31st. The official announcement can be accessed at this link.
Shares of Hammerson plc (HMSO) traded down 0.68% during midday trading on Wednesday, hitting GBX 581.50. The stock had a trading volume of 2,447,076 shares. The company’s 50 day moving average price is GBX 585.08 and its 200-day moving average price is GBX 578.42. Hammerson plc has a 1-year low of GBX 527.50 and a 1-year high of GBX 614.50. The firm’s market capitalization is GBX 4.61 billion.
In other news, insider Jean-Philippe Mouton sold 11,894 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of GBX 584 ($7.61), for a total transaction of £69,460.96 ($90,491.09). Also, insider Timon Drakesmith sold 101,005 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of GBX 578 ($7.53), for a total transaction of £583,808.90 ($760,563.97). Insiders have sold 172,690 shares of company stock valued at $99,945,975 in the last ninety days.
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HMSO has been the topic of several analyst reports. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 725 ($9.45) price target on shares of Hammerson plc in a research report on Tuesday, April 11th. BNP Paribas restated a “neutral” rating and issued a GBX 600 ($7.82) target price on shares of Hammerson plc in a research report on Monday, April 3rd. HSBC Holdings plc raised their target price on shares of Hammerson plc from GBX 658 ($8.57) to GBX 668 ($8.70) and gave the company a “buy” rating in a research report on Tuesday, April 25th. Barclays PLC restated an “equal weight” rating and issued a GBX 590 ($7.69) target price on shares of Hammerson plc in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 630 ($8.21) target price on shares of Hammerson plc in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 598.25 ($7.79).
Hammerson plc Company Profile
Hammerson plc is a real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments include United Kingdom, France and Ireland. The Company’s portfolio includes investments in approximately 20 prime shopping centers in the United Kingdom, France and Ireland, over 20 convenient retail parks in the United Kingdom and approximately 20 premium outlets across Europe.
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