Hammerson (LON:HMSO) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Hammerson Plc (LON:HMSO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 248.16 ($3.23) and traded as high as GBX 254.80 ($3.31). Hammerson shares last traded at GBX 252.20 ($3.28), with a volume of 47,898,219 shares.

Hammerson Trading Up 0.6 %

The stock has a fifty day moving average of GBX 276.10 and a 200 day moving average of GBX 248.16. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65. The company has a market capitalization of £1.23 billion, a PE ratio of -46.01, a PEG ratio of 1.68 and a beta of 2.30.

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

Hammerson Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, April 24th will be issued a GBX 8.07 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This is a boost from Hammerson’s previous dividend of $0.76. This represents a yield of 3.2%. Hammerson’s payout ratio is currently -273.62%.

Insider Buying and Selling

In other news, insider Habib Annous acquired 55,050 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of GBX 270 ($3.51) per share, with a total value of £148,635 ($193,233.23). 77.21% of the stock is owned by insiders.

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.