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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has provided an update.
Hammerson plc has executed a transaction under its share buyback program, purchasing 48,145 ordinary shares at an average price of 288.61 pence per share. This move, part of a broader strategy initiated in October 2024, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and reflecting confidence in the company’s financial health.
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 of 59 reflects moderate financial performance with significant profitability challenges. Positive strategic initiatives and shareholder value enhancements through buybacks provide some optimism. The mixed technical indicators and high dividend yield also contribute to a balanced outlook, albeit with caution due to valuation concerns and 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 retail property development and management. The company operates in the commercial real estate sector, primarily dealing with shopping centers and retail parks across the UK and Europe.
Average Trading Volume: 997,807
Technical Sentiment Signal: Buy
Current Market Cap: £1.39B
See more data about HMSO stock on TipRanks’ Stock Analysis page.