Hammerson plc Announces PDMR Share Purchase

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

Hammerson plc announced a transaction involving the purchase of ordinary shares by a Person Discharging Managerial Responsibilities (PDMR) under a dividend reinvestment plan. This transaction, conducted by Chief Development and Asset Repositioning Officer Harry Badham, aligns with the UK Market Abuse Regulation and reflects ongoing investment in the company’s shares, potentially signaling confidence in Hammerson’s market position.

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 score is primarily impacted by its financial performance challenges, including consistent net losses and high leverage. On the positive side, technical indicators show bullish momentum, and strategic initiatives discussed in the earnings call provide optimism for future growth. The attractive dividend yield also supports the score despite a 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 specializes in property development and asset repositioning. The company primarily focuses on retail properties and operates in key markets including the UK, Ireland, and France.

Average Trading Volume: 1,180,863

Technical Sentiment Signal: Buy

Current Market Cap: £1.43B

For detailed information about HMSO stock, go to TipRanks’ Stock Analysis page.