Hammerson Plc (LON:HMSO) Declares Dividend Increase – GBX 8.07 Per Share

Hammerson Plc (LON:HMSO) declared a dividend on Wednesday, February 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 8.07 ($0.11) per share by the real estate investment trust on Tuesday, June 3rd. This represents a yield of 3.2%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 967.5% increase from Hammerson’s previous dividend of $0.76. The official announcement can be seen at this link.

Hammerson Trading Up 0.2 %

Hammerson stock opened at GBX 255 ($3.41) on Tuesday. Hammerson has a 52-week low of GBX 219.20 ($2.93) and a 52-week high of GBX 325 ($4.35). The firm has a market capitalization of £1.25 billion, a price-to-earnings ratio of -46.52, a PEG ratio of 1.68 and a beta of 2.30. 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 firm has a 50-day moving average price of GBX 256.87 and a two-hundred day moving average price of GBX 277.57.

Hammerson (LON:HMSO) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported GBX 19.90 ($0.27) earnings per share for the quarter. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%. Sell-side analysts expect that Hammerson will post 20.7491639 earnings per share for the current year.

Insider Buying and Selling

In other Hammerson news, insider Himanshu Raja sold 44,509 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of GBX 239 ($3.20), for a total value of £106,376.51 ($142,347.80). Also, insider Habib Annous purchased 55,050 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of GBX 270 ($3.61) per share, for a total transaction of £148,635 ($198,896.03). Company insiders own 77.21% of the company’s stock.

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.