Hammerson (LON:HMSO) Cut to “Sector Performer” at Royal Bank of Canada

Royal Bank of Canada lowered shares of Hammerson (LON:HMSO) to a sector performer rating in a report issued on Wednesday, Digital Look reports. They currently have GBX 290 ($3.79) price objective on the real estate investment trust’s stock.

A number of other analysts have also commented on HMSO. Morgan Stanley lowered their price objective on Hammerson from GBX 280 ($3.66) to GBX 230 ($3.01) and set an equal weight rating for the company in a research report on Monday, September 2nd. Peel Hunt restated an add rating on shares of Hammerson in a research report on Tuesday, October 15th. Deutsche Bank restated a buy rating on shares of Hammerson in a research report on Tuesday, July 30th. Goldman Sachs Group restated a neutral rating on shares of Hammerson in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of Hammerson in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Hammerson presently has an average rating of Hold and a consensus target price of GBX 331.75 ($4.33).

Shares of HMSO stock opened at GBX 312.30 ($4.08) on Wednesday. The stock has a 50-day moving average price of GBX 268.46 and a 200 day moving average price of GBX 279.73. The company has a quick ratio of 0.74, a current ratio of 0.87 and a debt-to-equity ratio of 65.05. The firm has a market cap of $2.39 billion and a price-to-earnings ratio of -3.75. Hammerson has a 12 month low of GBX 202.90 ($2.65) and a 12 month high of GBX 454.30 ($5.94).

The firm also recently disclosed a dividend, which was paid on Monday, October 7th. Stockholders of record on Thursday, August 29th were issued a dividend of GBX 11.10 ($0.15) per share. This represents a dividend yield of 4.13%. The ex-dividend date was Thursday, August 29th. Hammerson’s dividend payout ratio (DPR) is presently -0.31%.

In other Hammerson news, insider Adam Metz acquired 44,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of GBX 208 ($2.72) per share, for a total transaction of £91,520 ($119,587.09).

Hammerson Company Profile

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

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Analyst Recommendations for Hammerson (LON:HMSO)

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