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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has provided an update.
Hammerson plc has successfully completed a non-pre-emptive placing of 48,253,994 ordinary shares, with a portion placed with South African Qualifying Investors. These shares have been admitted to trading on major exchanges including the London Stock Exchange, Euronext Dublin, and the JSE Limited. As a result, Hammerson’s total issued share capital now consists of 532,054,593 ordinary shares, with 530,753,768 voting rights. This development is significant for shareholders as it affects their calculations for notifying changes in their shareholding under regulatory requirements.
The most recent analyst rating on (GB:HMSO) stock is a Buy with a £350.00 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 financial challenges and strategic strengths. The company’s high leverage and profitability issues weigh on its financial performance score. However, positive technical indicators, attractive valuation metrics, and strategic corporate events contribute positively. The earnings call provides a balanced view of progress and challenges, supporting a moderate overall 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) focusing on retail property development and management. The company operates in the UK and European markets, with a significant presence in shopping centers and retail parks.
Average Trading Volume: 940,957
Technical Sentiment Signal: Buy
Current Market Cap: £1.52B
Learn more about HMSO stock on TipRanks’ Stock Analysis page.