Hammerson (LON:HMSO) Shares Pass Above 200-Day Moving Average of $28.08

Hammerson Plc (LON:HMSO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Hammerson Price Performance

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 firm has a market cap of £1.53 billion, a P/E ratio of -3,074.00, a P/E/G ratio of 1.68 and a beta of 2.30. The business’s 50 day moving average is GBX 28.79 and its two-hundred day moving average is GBX 28.08.

Hammerson Cuts Dividend

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

Insider Activity at Hammerson

In related news, insider Habib Annous acquired 280,552 shares of Hammerson stock in a transaction dated Tuesday, July 30th. The stock was bought at an average price of GBX 29 ($0.38) per share, with a total value of £81,360.08 ($107,476.99). In other news, insider Himanshu Raja sold 218,876 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of GBX 27 ($0.36), for a total value of £59,096.52 ($78,066.74). Also, insider Habib Annous purchased 280,552 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of GBX 29 ($0.38) per share, for a total transaction of £81,360.08 ($107,476.99). 7.58% of the stock is owned by corporate 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.