Shares of Hammerson Plc (LON:HMSO – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 29.52 ($0.37) and last traded at GBX 29.52 ($0.37), with a volume of 3905438 shares. The stock had previously closed at GBX 28.52 ($0.36).
Analyst Upgrades and Downgrades
Separately, Barclays lifted their price objective on Hammerson from GBX 30 ($0.38) to GBX 32 ($0.40) and gave the stock an “overweight” rating in a report on Wednesday, November 29th.
Get Our Latest Stock Report on Hammerson
Hammerson Stock Up 4.4 %
Hammerson Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 4th will be given a dividend of GBX 0.78 ($0.01) per share. This represents a yield of 3.15%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Hammerson’s previous dividend of $0.72. Hammerson’s payout ratio is -20,000.00%.
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.
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