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Hammerson plc R.E.I.T. ( (GB:HMSO) ) just unveiled an announcement.
Hammerson plc announced the purchase of 40,555 of its ordinary shares as part of its ongoing share buyback programme, initiated on 16 October 2024. The shares were bought at prices ranging from 290.00 to 305.20 pence and will be cancelled, reflecting the company’s strategy to enhance shareholder value and optimize 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.
The overall score reflects a mixed financial performance with profitability and cash flow challenges, offset by strong technical indicators and a high dividend yield. The strategic initiatives such as share buybacks and positive earnings call highlights contribute positively, though concerns remain about valuation and profitability.
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 focuses on managing, developing, and investing in retail properties. The company operates primarily in the UK, Ireland, and France, and is known for its portfolio of shopping centers and retail parks.
Average Trading Volume: 1,131,314
Technical Sentiment Signal: Buy
Current Market Cap: £1.46B
Learn more about HMSO stock on TipRanks’ Stock Analysis page.