Hammerson (LON:HMSO – Get Rating) had its target price hoisted by Barclays from GBX 22 ($0.27) to GBX 26 ($0.32) in a report published on Thursday, MarketBeat Ratings reports. The brokerage currently has an underweight rating on the real estate investment trust's stock.
A number of other brokerages also recently commented on HMSO. Royal Bank of Canada downgraded Hammerson to an underperform rating and decreased their target price for the company from GBX 32 ($0.39) to GBX 17 ($0.21) in a research note on Tuesday, July 12th. JPMorgan Chase & Co. reduced their price objective on Hammerson from GBX 29 ($0.36) to GBX 22 ($0.27) and set an underweight rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Reduce and a consensus target price of GBX 24.33 ($0.30).
Get Hammerson alerts:Hammerson Stock Down 0.7 %
HMSO stock opened at GBX 25.43 ($0.31) on Thursday. The company has a debt-to-equity ratio of 66.94, a current ratio of 1.43 and a quick ratio of 1.28. The firm has a fifty day moving average price of GBX 22.44 and a two-hundred day moving average price of GBX 29.09. Hammerson has a 1-year low of GBX 18.24 ($0.22) and a 1-year high of GBX 40.22 ($0.49). The firm has a market cap of £1.17 billion and a price-to-earnings ratio of -2.59.
Hammerson Dividend Announcement
The company also recently announced a dividend, which will be paid on Thursday, November 3rd. Investors of record on Thursday, October 6th will be issued a dividend of GBX 0.20 ($0.00) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.88%. Hammerson's payout ratio is -0.04%.About Hammerson
(Get Rating)
At Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have a City Quarters strategy to evolve our portfolio beyond retail.
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