Hammerson (HMSO)

Sector:

Property Investment Trusts

Index:

FTSE 250

287.40p
   
  • Change Today:
    -16.20p
  • 52 Week High: 322.45
  • 52 Week Low: 227.60
  • Currency: UK Pounds
  • Shares Issued: 496.77m
  • Volume: 1,985,368
  • Market Cap: £1,427.72m
  • 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 287.40p
Change Today -16.20p
% Change -5.34 %
52 Week High 322.45
52 Week Low 227.60
Volume 1,985,368
Shares Issued 496.77m
Market Cap £1,427.72m
RiskGrade 385

Hammerson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.21% above the market average69.21% above the market average69.21% above the market average69.21% above the market average69.21% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Price Trend
73.04% above the market average73.04% above the market average73.04% above the market average73.04% above the market average73.04% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income
66.27% above the market average66.27% above the market average66.27% above the market average66.27% above the market average66.27% above the market average
91.67% above the sector average91.67% above the sector average91.67% above the sector average91.67% above the sector average91.67% above the sector average
Growth
47.66% above the market average47.66% above the market average47.66% above the market average47.66% above the market average47.66% above the market average
58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average

Hammerson Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-24 04-Apr-24
Paid 30-Sep-24 10-May-24
Amount 0.76p 0.78p

Trades for 31-Oct-2024

Time Volume / Share Price
16:47 5,801 @ 294.63p
16:35 2,916 @ 287.40p
16:35 2,678 @ 287.40p
16:35 5,522 @ 287.40p
16:35 833,515 @ 287.40p

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