Hammerson (HMSO) Downgraded to “Equal weight” at Morgan Stanley

Morgan Stanley lowered shares of Hammerson (LON:HMSO) to an equal weight rating in a research report sent to investors on Thursday, July 26th. They currently have GBX 565 ($7.31) price target on the real estate investment trust’s stock, down from their prior price target of GBX 600 ($7.77).

A number of other research analysts also recently issued reports on HMSO. Liberum Capital reiterated a hold rating on shares of Hammerson in a research report on Friday, July 20th. Peel Hunt restated a hold rating on shares of Hammerson in a report on Monday, July 23rd. Numis Securities restated a hold rating and set a GBX 590 ($7.64) price objective on shares of Hammerson in a report on Monday, July 23rd. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 700 ($9.06) target price on shares of Hammerson in a research note on Thursday, May 10th. Finally, Deutsche Bank reduced their price target on shares of Hammerson from GBX 650 ($8.41) to GBX 600 ($7.77) and set a buy rating for the company in a research report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 562.42 ($7.28).

Shares of Hammerson opened at GBX 507 ($6.56) on Thursday, MarketBeat Ratings reports. Hammerson has a 1 year low of GBX 430.40 ($5.57) and a 1 year high of £523.38 ($677.51).

Hammerson (LON:HMSO) last posted its earnings results on Tuesday, July 24th. The real estate investment trust reported GBX 15.10 ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 15.60 ($0.20) by GBX (0.50) (($0.01)). Hammerson had a return on equity of 3.36% and a net margin of 97.06%.

The business also recently announced a dividend, which will be paid on Monday, October 8th. Investors of record on Thursday, August 30th will be paid a GBX 11.10 ($0.14) dividend. This represents a yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 30th.

In other Hammerson news, insider Jean-Philippe Mouton sold 44,471 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of GBX 553 ($7.16), for a total transaction of £245,924.63 ($318,349.04).

Hammerson Company Profile

Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our portfolio of high-quality retail property has a value of around £10.5 billion and includes 23 prime shopping centres, 17 convenient retail parks and investments in 20 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture.

Further Reading: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for Hammerson (LON:HMSO)

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