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Hammerson plc R.E.I.T. ( (GB:HMSO) ) just unveiled an announcement.
Hammerson plc has announced a transaction involving the buyback of its own shares, purchasing 40,892 ordinary shares at a volume-weighted average price of 293.34 pence per share. This move is part of its ongoing share buyback program initiated in October 2024, which has seen the company repurchase a total of 15,712,374 shares to date. The cancellation of these shares is expected to impact the company’s share capital structure, potentially enhancing shareholder value and reflecting confidence in its 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.
Hammerson plc’s overall stock score of 60 reflects a mix of moderate financial performance challenges, balanced by positive technical indicators and strategic corporate actions. The earnings call provided confidence in future growth, despite current profitability concerns. The ongoing share buyback program also supports shareholder value enhancement.
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 property development and management. The company is primarily involved in the retail sector, owning and managing shopping centers, retail parks, and premium outlets across various locations.
Average Trading Volume: 1,081,580
Technical Sentiment Signal: Buy
Current Market Cap: £1.42B
Learn more about HMSO stock on TipRanks’ Stock Analysis page.