Hammerson Completes Share Buyback, Updates Voting Rights

Hammerson plc R.E.I.T. ( (GB:HMSO) ) has issued an announcement.

Hammerson plc has announced the completion of a share buyback program, resulting in the cancellation of 370,853 ordinary shares. This move adjusts the company’s total voting rights to 484,931,998, impacting shareholder calculations regarding their interests in the company. The announcement has been disseminated through various stock exchanges, reflecting Hammerson’s commitment to maintaining transparency and regulatory compliance.

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 a challenging financial performance with ongoing losses and high leverage. However, positive technical indicators, strategic corporate actions, and optimistic guidance from the earnings call suggest potential for improvement. The mixed valuation reflects the balance between a high dividend yield and negative earnings, indicating caution for investors.

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, with a significant market presence in the UK, Ireland, and France.

Average Trading Volume: 1,152,399

Technical Sentiment Signal: Buy

Current Market Cap: £1.33B

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