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Hammerson plc R.E.I.T. ( (GB:HMSO) ) just unveiled an update.
Hammerson plc has successfully priced a EUR350 million bond with a 6.5-year maturity, marking the first step in refinancing its EUR700 million Sustainability-Linked bonds due in 2027. The bond issuance, which was significantly oversubscribed, reflects the company’s strong operational momentum and improved credit ratings from Fitch and Moody’s. The company reported increased footfall and sales across its retail destinations, with notable growth in the UK, and secured long-term lease agreements at favorable terms. This financial move and operational success underscore Hammerson’s strategic focus on enhancing its retail assets and maintaining robust demand for its prime spaces.
The most recent analyst rating on (GB:HMSO) stock is a Hold with a £294.00 price target. To see the full list of analyst forecasts on Hammerson plc R.E.I.T. stock, see the GB:HMSO Stock Forecast page.
Spark’s Take on GB:HMSO Stock
According to Spark, TipRanks’ AI Analyst, GB:HMSO is a Neutral.
The overall stock score reflects significant challenges in financial performance, particularly in profitability and cash flow generation. Technical analysis shows a neutral trend with some bullish momentum, while valuation metrics suggest the stock is fairly valued with an attractive dividend yield. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:HMSO stock, click here.
More about Hammerson plc R.E.I.T.
Hammerson plc is a real estate investment trust (REIT) that focuses on investing in and managing prime retail destinations in the UK, France, and Ireland. The company is known for its strategic repositioning of retail spaces and strong leasing demand, contributing to its robust market presence.
Average Trading Volume: 799,670
Technical Sentiment Signal: Buy
Current Market Cap: £1.51B
For an in-depth examination of HMSO stock, go to TipRanks’ Overview page.