Shares of Hammerson Plc (LON:HMSO - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as GBX 219.20 ($2.87) and last traded at GBX 220.40 ($2.88), with a volume of 3645351 shares. The stock had previously closed at GBX 233.80 ($3.06).
Specifically, insider Himanshu Raja sold 44,509 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of GBX 239 ($3.13), for a total transaction of £106,376.51 ($139,236.27).
Hammerson Trading Up 1.2 %
The stock has a market cap of £1.15 billion, a PE ratio of -42.72, a PEG ratio of 1.68 and a beta of 2.30. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65. The stock has a fifty day moving average price of GBX 261.77 and a 200 day moving average price of GBX 274.70.
Hammerson (LON:HMSO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported GBX 19.90 ($0.26) 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 expect that Hammerson Plc will post 20.7491639 EPS for the current year.
Hammerson Increases Dividend
The company also recently declared a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, April 24th will be issued a GBX 8.07 ($0.11) dividend. This is a positive change from Hammerson's previous dividend of $0.76. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 3.2%. Hammerson's payout ratio is presently -273.62%.
About Hammerson
(
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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.
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