Hammerson (LON:HMSO) Shares Pass Above 200 Day Moving Average – Here’s Why

Hammerson Plc (LON:HMSO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 248.16 ($3.22) and traded as high as GBX 254.80 ($3.30). Hammerson shares last traded at GBX 252.20 ($3.27), with a volume of 47,898,219 shares changing hands.

Hammerson Stock Up 1.7 %

The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28. The company has a fifty day moving average price of GBX 275.70 and a 200 day moving average price of GBX 249.78. The company has a market cap of £1.25 billion, a PE ratio of -46.48, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30.

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

Hammerson Increases Dividend

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

Insiders Place Their Bets

In other Hammerson news, insider Habib Annous bought 55,050 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of GBX 270 ($3.50) per share, for a total transaction of £148,635 ($192,732.11). 77.21% of the stock is currently 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.