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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has shared an announcement.
Hammerson plc announced the purchase of 61,358 of its ordinary shares as part of its ongoing share buyback programme initiated in October 2024. The shares were bought at a volume-weighted average price of 293.16 pence and will be canceled, 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.
Hammerson plc’s stock score reflects a mix of challenges and opportunities. Financial performance is a concern due to net losses and high leverage, but technical indicators and corporate actions like share buybacks offer some optimism. The high dividend yield and strategic improvements discussed in the earnings call provide additional support for a moderate score.
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. The company focuses on owning, managing, and developing retail properties, including shopping centers and retail parks, primarily in the UK, Ireland, and France.
Average Trading Volume: 1,136,604
Technical Sentiment Signal: Buy
Current Market Cap: £1.41B
For a thorough assessment of HMSO stock, go to TipRanks’ Stock Analysis page.