Hammerson (HMSO)

Sector:

Property Investment Trusts

Index:

FTSE 250

28.60p
   
  • Change Today:
      0.080p
  • 52 Week High: 29.00
  • 52 Week Low: 20.90
  • Currency: UK Pounds
  • Shares Issued: 4,989.26m
  • Volume: 2,163,896
  • Market Cap: £1,426.93m
  • RiskGrade: 385

Liberum upgrades Hammerson to 'hold'

By Michele Maatouk

Date: Tuesday 08 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Liberum upgraded Hammerson to 'hold' from 'sell' on Tuesday and lifted the price target to 20p from 15p as it pointed to a more balanced risk/reward profile.
The broker said Hammerson has benefited from a return to normality as lockdown restrictions eased, but that it expects yield shifts to continue to negatively impact the company's property valuations.

"We raise our FY23 rental growth expectations, and while we think there is still a high risk of valuation declines leading to a potential covenant breach, this is not our base case," Liberum said.

Liberum said it sees three resolutions potentially reducing the risk of a covenant breach: accelerated disposals, an equity raise/takeout offer, and/or renegotiations of covenants. This could result in upside potential of more than 50%, the broker said.

Key catalysts for the shares include the rate at which Bicester debt is refinanced; an FY22 trading update that may give clearer guidance on FY22 valuations; and post-Covid trading and the impact of increased footfall driving ERV growth and reducing vacancies, Liberum said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hammerson Market Data

Currency UK Pounds
Share Price 28.60p
Change Today 0.080p
% Change 0.28 %
52 Week High 29.00
52 Week Low 20.90
Volume 2,163,896
Shares Issued 4,989.26m
Market Cap £1,426.93m
RiskGrade 385

Hammerson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.08% above the market average23.08% above the market average23.08% above the market average23.08% above the market average23.08% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Price Trend
64.23% above the market average64.23% above the market average64.23% above the market average64.23% above the market average64.23% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
68.69% above the market average68.69% above the market average68.69% above the market average68.69% above the market average68.69% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average
Growth
27.8% below the market average27.8% below the market average27.8% below the market average27.8% below the market average27.8% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 1
Buy 5
Neutral 2
Sell 4
Strong Sell 3
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hammerson Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 24-Aug-23
Paid 10-May-24 02-Oct-23
Amount 0.78p 0.72p

Trades for 28-Mar-2024

Time Volume / Share Price
11:56 1 @ 28.68p
11:54 467 @ 28.60p
11:54 738 @ 28.60p
11:54 222 @ 28.60p
11:49 5,001 @ 28.64p

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