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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has shared an update.
Hammerson plc has announced the purchase of 40,261 ordinary shares as part of its ongoing share buyback program, which was initiated in October 2024. This transaction, executed through Morgan Stanley & Co. International plc, is part of a broader strategy to enhance shareholder value by reducing the number of shares in circulation. Since the inception of the buyback program, Hammerson has acquired a total of 16,314,782 ordinary shares. The cancellation of these shares is expected to positively impact the company’s earnings per share and market positioning.
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 stock score reflects its strong technical analysis and positive earnings call sentiment, offset by financial performance challenges. While the share buyback program indicates confidence, the company’s high leverage and profitability issues remain significant concerns.
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 specializes in the ownership, management, and development of retail properties. The company focuses on creating vibrant retail destinations in key markets across Europe, particularly in the UK, Ireland, and France.
Average Trading Volume: 936,030
Technical Sentiment Signal: Buy
Current Market Cap: £1.44B
See more insights into HMSO stock on TipRanks’ Stock Analysis page.