Hammerson (LON:HMSO) Issues Earnings Results

Key Points

• Hammerson reported an earnings per share (EPS) of GBX 16.20 ($0.21) for the quarter, but faced significant challenges with a negative net margin of 346.30% and a negative return on equity of 25.94%.
• On the day following the earnings report, Hammerson's stock fell by 0.9%, closing at GBX 294.40 ($3.89) with a trading volume significantly exceeding its average.
• Citigroup revised its price target for Hammerson from GBX 421 ($5.56) to GBX 385 ($5.09) while maintaining a "buy" rating on the stock.

Hammerson (LON:HMSO - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported GBX 16.20 ($0.21) EPS for the quarter, Digital Look Earnings reports. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%.

Hammerson Stock Down 0.9%

Shares of HMSO traded down GBX 2.60 ($0.03) during mid-day trading on Friday, hitting GBX 294.40 ($3.89). The company's stock had a trading volume of 3,188,204 shares, compared to its average volume of 1,544,577. The company's 50-day moving average is GBX 291.71 and its 200-day moving average is GBX 273.37. Hammerson has a 52-week low of GBX 219.20 ($2.90) and a 52-week high of GBX 325 ($4.29). The firm has a market capitalization of £1.44 billion, a price-to-earnings ratio of -53.70, a PEG ratio of 1.68 and a beta of 2.30. The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their price target on shares of Hammerson from GBX 421 ($5.56) to GBX 385 ($5.09) and set a "buy" rating for the company in a research report on Monday.

Insider Buying and Selling at Hammerson

In other news, insider Rita-Rose Gagné sold 97,037 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of GBX 292 ($3.86), for a total value of £283,348.04 ($374,303.88). Insiders own 77.21% of the company's stock.

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.

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