Hammerson (LON:HMSO) Trading Up 893.6%

Shares of Hammerson Plc (LON:HMSO) shot up 893.6% during trading on Monday . The stock 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 Price Performance

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 firm has a fifty day simple moving average of GBX 29.06 and a two-hundred day simple moving average of GBX 28.36. The firm has a market cap of £15.81 billion, a PE ratio of -3,188.00, a PEG ratio of 1.68 and a beta of 2.30.

Hammerson Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Himanshu Raja sold 218,876 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of GBX 27 ($0.36), for a total transaction of £59,096.52 ($79,132.99). In other Hammerson news, insider Rita-Rose Gagné sold 666,311 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of GBX 29 ($0.39), for a total value of £193,230.19 ($258,744.23). Also, insider Himanshu Raja sold 218,876 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of GBX 27 ($0.36), for a total value of £59,096.52 ($79,132.99). 7.58% 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.