Hammerson (LON:HMSO) Hits New 12-Month Low - Should You Sell?

Hammerson Plc (LON:HMSO - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as GBX 243.60 ($3.14) and last traded at GBX 244.60 ($3.15), with a volume of 154997 shares trading hands. The stock had previously closed at GBX 248 ($3.20).

Hammerson Stock Performance

The firm has a fifty day moving average of GBX 269.06 and a 200-day moving average of GBX 268.36. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77. The stock has a market capitalization of £1.08 billion, a price-to-earnings ratio of -40.20, a PEG ratio of 1.68 and a beta of 2.30.

Hammerson (LON:HMSO - Get Free Report) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported GBX 19.90 ($0.26) earnings per share (EPS) for the quarter. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%. As a group, sell-side analysts anticipate that Hammerson Plc will post 20.7491639 EPS for the current year.

Hammerson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, April 24th will be paid a dividend of GBX 8.07 ($0.10) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 3.2%. This is a positive change from Hammerson's previous dividend of $0.76. Hammerson's dividend payout ratio (DPR) is presently -273.62%.

Insider Activity at Hammerson

In other Hammerson news, insider Habib Annous acquired 55,050 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of GBX 270 ($3.48) per share, with a total value of £148,635 ($191,589.33). 77.21% of the stock is currently owned by corporate insiders.

About Hammerson

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.