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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has issued an announcement.
Hammerson plc has announced the purchase of 60,808 ordinary shares as part of its ongoing share buyback programme, initiated on 16 October 2024. The shares were bought at a volume-weighted average price of 295.93 pence and will be cancelled, reflecting the company’s strategy to enhance shareholder value and optimize its capital structure.
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.
The overall score of 64 is driven primarily by strong technical indicators and strategic initiatives such as share buybacks, which bolster investor confidence. However, financial performance remains a concern due to ongoing profitability challenges. Valuation metrics are mixed, with a high dividend yield offering some appeal 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 primarily focuses on property development and management. The company is engaged in the retail property sector, managing shopping centers, retail parks, and outlets across Europe.
Average Trading Volume: 1,140,878
Technical Sentiment Signal: Buy
Current Market Cap: £1.42B
See more insights into HMSO stock on TipRanks’ Stock Analysis page.