Hammerson Advances Share Buyback Programme with Latest Share Purchase

The latest announcement is out from Hammerson plc R.E.I.T. ( (GB:HMSO) ).

Hammerson plc has announced the purchase of 73,834 of its ordinary shares as part of its ongoing share buyback programme, initiated on 16 October 2024. The transaction, executed through Morgan Stanley & Co. International plc, is part of a broader strategy to enhance shareholder value, with a total of 13,622,884 shares repurchased since the programme’s inception. The cancellation of these shares is expected to impact the company’s share capital structure positively, potentially improving earnings per share and reflecting confidence in the company’s financial health.

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 financial challenges, particularly in terms of profitability and cash flow constraints, which weigh heavily on the score. However, positive momentum from technical indicators and a high dividend yield offer some potential for recovery. Recent strategic initiatives, including share buybacks and operational improvements, provide additional support, although financial risks remain a concern.

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 extensive portfolio of shopping centers and retail parks across the UK, Ireland, and continental Europe.

Average Trading Volume: 1,184,901

Technical Sentiment Signal: Buy

Current Market Cap: £1.31B

See more data about HMSO stock on TipRanks’ Stock Analysis page.