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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has issued an announcement.
Hammerson plc announced the results of its Dividend Reinvestment Plan (DRIP) following the approval of a final cash dividend for the period ending December 31, 2024. Shareholders on both the UK and South African registers opted to receive their dividends in the form of shares rather than cash, leading to the purchase of shares in the market without altering the company’s total issued share capital. This decision reflects a strategic move to retain capital within the company while providing shareholders with an alternative to cash dividends.
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 retail properties. The company is known for managing and developing shopping centers, retail parks, and prime city center locations across the UK and Europe.
Average Trading Volume: 1,127,748
Technical Sentiment Signal: Buy
Current Market Cap: £1.42B
Learn more about HMSO stock on TipRanks’ Stock Analysis page.