Hammerson (LON:HMSO) Price Target Lowered to GBX 400 at HSBC

Hammerson (LON:HMSO) had its target price trimmed by HSBC from GBX 543 ($7.10) to GBX 400 ($5.23) in a research report sent to investors on Thursday, March 28th, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other analysts also recently commented on the company. Liberum Capital restated a hold rating on shares of Hammerson in a report on Tuesday, March 12th. Morgan Stanley increased their price target on Hammerson from GBX 400 ($5.23) to GBX 420 ($5.49) and gave the company an equal weight rating in a report on Thursday, March 14th. Royal Bank of Canada assumed coverage on shares of Hammerson in a research report on Tuesday, February 12th. They issued a sector performer rating and a GBX 370 ($4.83) price objective for the company. Citigroup cut shares of Hammerson to a sell rating and decreased their price objective for the company from GBX 465 ($6.08) to GBX 278 ($3.63) in a research report on Friday, January 25th. Finally, Deutsche Bank reissued a buy rating on shares of Hammerson in a research report on Tuesday, March 19th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Hammerson presently has a consensus rating of Hold and a consensus target price of GBX 398.43 ($5.21).

Shares of Hammerson stock traded up GBX 0.90 ($0.01) during trading hours on Thursday, reaching GBX 330.40 ($4.32). 3,986,978 shares of the company’s stock were exchanged, compared to its average volume of 5,840,000. Hammerson has a 52-week low of GBX 313.60 ($4.10) and a 52-week high of GBX 567.60 ($7.42). The firm has a market cap of $2.53 billion and a PE ratio of -9.69. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 58.29.

The firm also recently announced a dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Thursday, March 21st will be issued a GBX 14.80 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a yield of 3.99%. This is a boost from Hammerson’s previous dividend of $11.10. Hammerson’s dividend payout ratio (DPR) is currently -0.76%.

In other Hammerson news, insider Timon Drakesmith sold 13,447 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of GBX 380 ($4.97), for a total value of £51,098.60 ($66,769.37).

About Hammerson

Hammerson is an owner, manager and developer of retail destinations in Europe. Our portfolio of high- quality retail property has a value of around £10.6 billion and includes 22 prime shopping centres, 15 convenient retail parks and investments in 20 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture.

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Analyst Recommendations for Hammerson (LON:HMSO)

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