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Hammerson plc R.E.I.T. ( (GB:HMSO) ) just unveiled an update.
Hammerson plc has announced the purchase of 41,095 of its ordinary shares as part of its ongoing share buyback programme, initially announced in October 2024. The shares were bought from Morgan Stanley & Co. International plc, with the highest price paid per share being 291.20 pence and the lowest 289.20 pence. The company plans to cancel these shares, which is part of a larger strategy that has seen the purchase of over 16 million shares since the programme’s inception. This move is likely aimed at boosting shareholder value and improving the company’s stock performance.
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 driven by positive corporate actions and earnings call highlights, indicating strategic growth and operational improvements. However, financial performance and valuation concerns due to profitability issues and a negative P/E ratio temper the outlook. The high dividend yield and share buyback program provide some support, but financial risks remain significant.
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 investing in and managing retail properties. The company operates in the real estate industry, with a market focus on shopping centers and retail parks across the UK and Europe.
Average Trading Volume: 975,545
Technical Sentiment Signal: Buy
Current Market Cap: £1.4B
See more data about HMSO stock on TipRanks’ Stock Analysis page.