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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has provided an update.
Hammerson plc announced the purchase of 39,853 of its ordinary shares as part of its ongoing share buyback program, initiated on 16 October 2024. The transaction, executed through Morgan Stanley & Co. International plc, reflects Hammerson’s strategic effort to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:HMSO) stock is a Buy with a £3.20 price target. To see the full list of analyst forecasts on Hammerson plc R.E.I.T. stock, see the GB:HMSO Stock Forecast page.
Spark’s Take on GB:HMSO Stock
According to Spark, TipRanks’ AI Analyst, GB:HMSO is a Neutral.
Hammerson plc’s overall score is driven by the positive momentum in technical indicators and the strategic impact of its share buyback program. Despite these strengths, the company’s financial performance and valuation metrics point to significant underlying risks, particularly concerning profitability and high leverage. The mixed outlook from the earnings call further highlights the need for cautious optimism.
To see Spark’s full report on GB:HMSO stock, click here.
More about Hammerson plc R.E.I.T.
Hammerson plc is a real estate investment trust (REIT) that focuses on the ownership, management, and development of retail properties. The company’s primary market focus is on shopping centers and retail parks across the UK and Europe.
Average Trading Volume: 935,344
Technical Sentiment Signal: Buy
Current Market Cap: £1.44B
See more insights into HMSO stock on TipRanks’ Stock Analysis page.