Hammerson Executes Share Buyback, Cancels Shares

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

Hammerson plc has executed a share buyback transaction as part of its ongoing Share Buyback Programme, purchasing 53,725 ordinary shares at a volume-weighted average price of 297.81 pence per share. The company plans to cancel these shares, which is part of a broader strategy that has seen the acquisition of over 15 million shares since October 2024, potentially impacting shareholder value and market perception.

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 mixed outlook. While recent corporate actions such as share buybacks and operational improvements provide optimism, the company’s financial performance continues to face significant challenges with negative net income and cash flow issues. Technical indicators suggest moderate bullish momentum, and valuation aspects such as a high dividend yield are attractive but questionable in sustainability. The earnings call presented both promising strategic improvements and ongoing risks, contributing to a balanced view.

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 the ownership, management, and development of retail properties. The company operates primarily in the UK, Ireland, and France, specializing in shopping centers and retail parks.

Average Trading Volume: 1,116,397

Technical Sentiment Signal: Buy

Current Market Cap: £1.4B

For a thorough assessment of HMSO stock, go to TipRanks’ Stock Analysis page.