Insider Buying: Hammerson plc (HMSO) Insider Acquires 17,000 Shares of Stock

Hammerson plc (LON:HMSO) insider David Atkins bought 17,000 shares of Hammerson stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of GBX 295 ($3.85) per share, for a total transaction of £50,150 ($65,529.86).

Hammerson stock opened at GBX 293.70 ($3.84) on Thursday. Hammerson plc has a fifty-two week low of GBX 285.80 ($3.73) and a fifty-two week high of GBX 561.40 ($7.34). The company has a market cap of $2.25 billion and a P/E ratio of -8.61. The company has a debt-to-equity ratio of 58.29, a quick ratio of 0.58 and a current ratio of 0.71.

The company also recently disclosed a dividend, which was paid on Thursday, May 2nd. Investors of record on Thursday, March 21st were paid a dividend of GBX 14.80 ($0.19) per share. This is a positive change from Hammerson’s previous dividend of $11.10. The ex-dividend date was Thursday, March 21st. This represents a yield of 3.99%. Hammerson’s dividend payout ratio (DPR) is presently -0.76%.

Several research analysts have recently issued reports on HMSO shares. JPMorgan Chase & Co. lowered shares of Hammerson to a “neutral” rating and reduced their target price for the company from GBX 610 ($7.97) to GBX 410 ($5.36) in a research note on Monday, January 21st. Deutsche Bank raised shares of Hammerson to a “buy” rating and reduced their target price for the company from GBX 480 ($6.27) to GBX 440 ($5.75) in a research note on Wednesday, January 16th. Royal Bank of Canada started coverage on shares of Hammerson in a research note on Tuesday, February 12th. They issued a “sector performer” rating and a GBX 370 ($4.83) target price on the stock. Citigroup lowered shares of Hammerson to a “sell” rating and reduced their price objective for the stock from GBX 465 ($6.08) to GBX 278 ($3.63) in a research note on Friday, January 25th. Finally, Goldman Sachs Group reduced their price objective on shares of Hammerson from GBX 441 ($5.76) to GBX 367 ($4.80) and set a “neutral” rating on the stock in a research note on Friday, January 25th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Hammerson has an average rating of “Hold” and an average price target of GBX 398.43 ($5.21).

TRADEMARK VIOLATION NOTICE: “Insider Buying: Hammerson plc (HMSO) Insider Acquires 17,000 Shares of Stock” was first posted by Slater Sentinel and is owned by of Slater Sentinel. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://slatersentinel.com/news/2019/05/16/insider-buying-hammerson-plc-hmso-insider-acquires-17000-shares-of-stock.html.

About Hammerson

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

Recommended Story: What is the Book Value of a Share?

Receive News & Ratings for Hammerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hammerson and related companies with MarketBeat.com's FREE daily email newsletter.