MARKET TALK: Hammerson Doing All The Right Things - Evolution

2nd Aug 2010 08:44

0744 GMT [Dow Jones] Hammerson (HMSO.LN) "is doing all the right things" says an analyst at Evolution Securities. The analyst notes Hammerson is the only major real estate investment trust to increase its dividend year-on-year in 1H. "We support this strongly," says the analyst. The analyst says the company is also the only major REIT to have changed its corporate structure in the first half. This follows last year's rights issue. "Lower gearing, less development risk and greater asset churn are the manifestations." Add rating, 420p target. Shares +4% at 404p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires August 02, 2010 03:44 ET (07:44 GMT)