Hansteen Holdings plc (HSTN) Downgraded to “Add” at Peel Hunt
Peel Hunt cut shares of Hansteen Holdings plc (LON:HSTN) to an add rating in a research report sent to investors on Thursday. Peel Hunt currently has GBX 138 ($1.82) target price on the real estate investment trust’s stock, up from their prior target price of GBX 135 ($1.78).
HSTN has been the subject of a number of other reports. Liberum Capital reissued a buy rating and set a GBX 135 ($1.78) price objective on shares of Hansteen Holdings plc in a report on Tuesday, August 29th. Numis Securities Ltd reissued an under review rating on shares of Hansteen Holdings plc in a report on Wednesday, October 4th. Finally, J P Morgan Chase & Co lifted their price objective on Hansteen Holdings plc from GBX 125 ($1.64) to GBX 134 ($1.76) and gave the company an underweight rating in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Hansteen Holdings plc presently has a consensus rating of Hold and an average target price of GBX 136 ($1.79).
Shares of Hansteen Holdings plc (LON HSTN) traded down GBX 2.40 ($0.03) during mid-day trading on Thursday, reaching GBX 132.30 ($1.74). The company had a trading volume of 1,618,588 shares, compared to its average volume of 16,580,000. Hansteen Holdings plc has a 52-week low of GBX 104 ($1.37) and a 52-week high of GBX 140.10 ($1.84).
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The business also recently disclosed a dividend, which was paid on Friday, October 27th. Shareholders of record on Thursday, September 28th were issued a dividend of GBX 2.30 ($0.03) per share. The ex-dividend date was Thursday, September 28th. This represents a dividend yield of 1.77%.
In related news, insider Morgan Lewis Jones sold 316,707 shares of Hansteen Holdings plc stock in a transaction dated Monday, October 16th. The stock was sold at an average price of GBX 135 ($1.78), for a total value of £427,554.45 ($562,349.66). Also, insider Ian Richard Watson sold 618,033 shares of Hansteen Holdings plc stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of GBX 140 ($1.84), for a total value of £865,246.20 ($1,138,032.62).
Hansteen Holdings plc Company Profile
Hansteen Holdings PLC is a real estate investment trust (REIT). The Company’s principal activities consist of property investment, development, management and associated business, focusing on industrial property investments in Continental Europe and the United Kingdom. The Company’s segments are its geographical locations, which include Belgium, France, Germany, Netherlands and the United Kingdom.
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