Hammerson Executes Share Buyback as Part of Capital Strategy

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

Hammerson plc has executed a share buyback transaction, purchasing 70,631 of its ordinary shares as part of its ongoing Share Buyback Programme initiated in October 2024. The shares were acquired at a volume-weighted average price of 283.15 pence and will be canceled, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.

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 stock score reflects a mixed outlook. Financial performance challenges with profitability and cash flow weigh heavily, despite positive technical indicators and corporate actions like share buybacks. The company’s strategic growth and revenue improvements are promising, but the valuation remains weak due to ongoing losses.

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 property development and management. The company primarily operates within the retail sector, managing shopping centers and retail parks across Europe, with a significant presence in the UK, France, and Ireland.

Average Trading Volume: 1,194,929

Technical Sentiment Signal: Buy

Current Market Cap: £1.37B

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