Hammerson (LON:HMSO) Stock Passes Above 200-Day Moving Average of $28.08

Hammerson Plc (LON:HMSO)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 28.08 ($0.37) and traded as high as GBX 30.94 ($0.41). Hammerson shares last traded at GBX 30.74 ($0.41), with a volume of 13,187,258 shares changing hands.

Hammerson Price Performance

The stock has a fifty day moving average of GBX 28.83 and a 200-day moving average of GBX 28.12. The firm has a market capitalization of £1.56 billion, a P/E ratio of -3,124.00, 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.

Hammerson Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd will be issued a dividend of GBX 0.76 ($0.01) per share. This represents a yield of 2.55%. The ex-dividend date is Thursday, August 22nd. Hammerson’s dividend payout ratio is -20,000.00%.

Insider Buying and Selling at Hammerson

In other news, insider Himanshu Raja sold 218,876 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of GBX 27 ($0.36), for a total transaction of £59,096.52 ($78,066.74). In related news, insider Himanshu Raja sold 218,876 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of GBX 27 ($0.36), for a total value of £59,096.52 ($78,066.74). Also, insider Rita-Rose Gagné sold 666,311 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of GBX 29 ($0.38), for a total value of £193,230.19 ($255,257.85). Corporate insiders own 7.58% 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.