Hammerson plc Continues Share Buyback Programme

The latest announcement is out from Hammerson plc R.E.I.T. ( (GB:HMSO) ).

Hammerson plc has executed a share buyback transaction as part of its ongoing Share Buyback Programme, purchasing 61,759 ordinary shares at a volume-weighted average price of 291.45 pence per share. This move is part of a larger strategy initiated in October 2024, which has seen the company buy back a total of 14,745,494 shares, reflecting its commitment to returning value to shareholders and optimizing its capital structure.

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 focuses on the ownership, development, and management of retail properties. The company operates primarily in the UK and Europe, providing retail spaces for various businesses and aiming to enhance the shopping experience for consumers.

Average Trading Volume: 1,180,863

Technical Sentiment Signal: Buy

Current Market Cap: £1.43B

Learn more about HMSO stock on TipRanks’ Stock Analysis page.