Hammerson (LON:HMSO) Hits New 12-Month Low Following Insider Selling

Hammerson Plc (LON:HMSO) shares reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The company traded as low as GBX 219.20 ($2.80) and last traded at GBX 220.40 ($2.82), with a volume of 3645351 shares trading hands. The stock had previously closed at GBX 233.80 ($2.99).

Specifically, insider Himanshu Raja sold 44,509 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of GBX 239 ($3.05), for a total value of £106,376.51 ($135,927.05).

Hammerson Trading Up 5.4 %

The firm has a market capitalization of £1.15 billion, a price-to-earnings ratio of -43.05, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30. The firm’s 50 day moving average is GBX 263.68 and its 200 day moving average is GBX 271.90. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77.

Hammerson (LON:HMSO) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported GBX 19.90 ($0.25) earnings per share for the quarter. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%. Equities analysts forecast that Hammerson Plc will post 20.7491639 earnings per share for the current year.

Hammerson Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, April 24th will be issued a GBX 8.07 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from Hammerson’s previous dividend of $0.76. This represents a yield of 3.2%. Hammerson’s dividend payout ratio is -273.62%.

Hammerson Company Profile

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods.