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Hammerson plc R.E.I.T. ( (GB:HMSO) ) just unveiled an announcement.
Hammerson plc has executed a transaction under its share buyback programme, purchasing 61,409 of its ordinary shares from Morgan Stanley & Co. International plc. This move is part of a broader strategy initiated in October 2024, which has seen the company buy back a total of 15,112,880 shares to date. The purchased shares will be canceled, potentially enhancing shareholder value by reducing the number of shares outstanding. This action reflects Hammerson’s ongoing efforts to optimize its capital structure and improve its financial metrics, which could positively impact its market positioning and stakeholder confidence.
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’s stock score is primarily driven by strong technical momentum and positive earnings call highlights, including strategic realignment and operational improvements. However, financial performance issues, such as high leverage and cash flow challenges, weigh on the overall score. The high dividend yield provides some support to the valuation despite the negative P/E ratio.
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 operates in the property industry, focusing on the acquisition, development, and management of retail properties. The company is known for its portfolio of shopping centers, retail parks, and premium outlets across Europe.
Average Trading Volume: 1,140,363
Technical Sentiment Signal: Buy
Current Market Cap: £1.42B
See more insights into HMSO stock on TipRanks’ Stock Analysis page.