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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has provided an update.
Hammerson plc has announced the purchase of 74,505 ordinary shares as part of its ongoing share buyback programme, initiated on 16 October 2024. This transaction, facilitated through Morgan Stanley & Co. International plc, is part of Hammerson’s strategic efforts to manage its capital structure, potentially increasing shareholder value by reducing the number of shares in circulation. The purchased shares will be canceled, which could positively impact the company’s stock value by decreasing supply in the market.
More about Hammerson plc R.E.I.T.
Hammerson plc is a Real Estate Investment Trust (REIT) focusing on managing, developing, and investing in retail properties. The company primarily operates in the retail property sector, with a market focus on shopping centers and outlets across the UK and Europe.
YTD Price Performance: -4.01%
Average Trading Volume: 1,085,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.32B
See more data about HMSO stock on TipRanks’ Stock Analysis page.
