Hammerson (LON:HMSO) Trading Up 893.6%

Hammerson Plc (LON:HMSO)’s share price shot up 893.6% during trading on Monday . The company traded as high as GBX 320.75 ($4.29) and last traded at GBX 316.75 ($4.24). 2,525,250 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 14,955,958 shares. The stock had previously closed at GBX 31.88 ($0.43).

Hammerson Trading Up 893.6 %

The firm has a market capitalization of £15.81 billion, a PE ratio of -3,188.00, a price-to-earnings-growth 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 company’s 50-day simple moving average is GBX 29.06 and its 200 day simple moving average is GBX 28.36.

Hammerson Cuts Dividend

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

Insiders Place Their Bets

In other Hammerson news, insider Rita-Rose Gagné sold 666,311 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of GBX 29 ($0.39), for a total value of £193,230.19 ($258,744.23). In other Hammerson news, insider Rita-Rose Gagné sold 666,311 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of GBX 29 ($0.39), for a total transaction of £193,230.19 ($258,744.23). Also, insider Habib Annous purchased 280,552 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was bought at an average cost of GBX 29 ($0.39) per share, with a total value of £81,360.08 ($108,944.94). 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.