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

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

Hammerson Stock Performance

The firm’s fifty day moving average is GBX 271.38 and its 200-day moving average is GBX 263.87. 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 £1.20 billion, a PE ratio of -44.62, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30.

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

Hammerson Increases Dividend

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

Insider Activity at Hammerson

In other news, insider Habib Annous bought 55,050 shares of Hammerson stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of GBX 270 ($3.49) per share, with a total value of £148,635 ($192,159.02). Company insiders own 77.21% of the company’s stock.

Hammerson Company Profile

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.