Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Hammerson plc R.E.I.T. ( (GB:HMSO) ) has issued an announcement.
Hammerson plc has announced the purchase of 61,016 of its own ordinary shares as part of its ongoing share buyback programme, initiated in October 2024. This move is part of a broader strategy to manage its capital structure and enhance shareholder value, with a total of 15,051,471 shares repurchased since the programme’s inception. The cancellation of these shares could potentially impact the company’s stock 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’s stock score is primarily driven by strong technical momentum and positive earnings call highlights, including strategic realignment and operational improvements. However, financial performance issues, such as high leverage and cash flow challenges, weigh on the overall score. The high dividend yield provides some support to the valuation despite the negative P/E ratio.
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 primarily focuses on property development and management. The company is involved in the acquisition, development, and management of retail properties across various markets.
Average Trading Volume: 1,127,748
Technical Sentiment Signal: Buy
Current Market Cap: £1.42B
For an in-depth examination of HMSO stock, go to TipRanks’ Overview page.