Hammerson (HMSO) Downgraded by UBS Group to Neutral
UBS Group cut shares of Hammerson (LON:HMSO) to a neutral rating in a research report released on Wednesday morning, investing.thisismoney.co.uk reports. The brokerage currently has GBX 490 ($6.32) target price on the real estate investment trust’s stock, down from their prior target price of GBX 600 ($7.74).
Other equities analysts also recently issued reports about the stock. Barclays lowered their price objective on shares of Hammerson from GBX 520 ($6.71) to GBX 500 ($6.45) and set an equal weight rating for the company in a research note on Monday, August 6th. Morgan Stanley downgraded shares of Hammerson to an equal weight rating and lowered their price objective for the company from GBX 600 ($7.74) to GBX 565 ($7.29) in a research note on Thursday, July 26th. Numis Securities reaffirmed a hold rating on shares of Hammerson in a research note on Monday, August 6th. Peel Hunt reaffirmed a hold rating on shares of Hammerson in a research note on Monday, July 23rd. Finally, Liberum Capital reaffirmed a hold rating on shares of Hammerson in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 552.23 ($7.12).
Shares of LON:HMSO opened at GBX 447.40 ($5.77) on Wednesday. Hammerson has a 12 month low of GBX 430.40 ($5.55) and a 12 month high of £523.38 ($675.15).
The business also recently declared a dividend, which will be paid on Monday, October 8th. Investors of record on Thursday, August 30th will be paid a GBX 11.10 ($0.14) dividend. This represents a yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 30th.
Hammerson Company Profile
Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our portfolio of high-quality retail property has a value of around £10.5 billion and includes 23 prime shopping centres, 17 convenient retail parks and investments in 20 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture.
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