Derwent London (LON:DLN) Insider Sells £55,431.74 in Stock

Key Points

• Insider sale: Director Paul M. Williams sold 3,458 shares on April 7 at an average of GBX 1,603, generating proceeds of £55,431.74.
• Share performance and metrics: The stock traded at GBX 1,638 (down GBX 6) with a market cap of £1.84bn, a P/E of 11.41, and a 12‑month range of GBX 1,469.33–2,106; its 50- and 200-day moving averages are GBX 1,721.39 and GBX 1,740.98 respectively.
• Analyst sentiment: Brokers have trimmed price targets recently, yet the consensus is a "Moderate Buy" with an average target of GBX 2,085 (four Buys, three Holds).

Derwent London Plc (LON:DLN - Get Free Report) insider Paul M. Williams sold 3,458 shares of Derwent London stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £55,431.74.

Derwent London Price Performance

Shares of LON:DLN traded down GBX 6 on Friday, hitting GBX 1,638. The stock had a trading volume of 124,083 shares, compared to its average volume of 1,088,271. The firm's 50 day moving average price is GBX 1,721.39 and its 200-day moving average price is GBX 1,740.98. The company has a market capitalization of £1.84 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 23.10 and a beta of 1.18. The company has a debt-to-equity ratio of 43.37, a quick ratio of 0.38 and a current ratio of 0.59. Derwent London Plc has a twelve month low of GBX 1,469.33 and a twelve month high of GBX 2,106.

Derwent London (LON:DLN - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share (EPS) for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. On average, equities research analysts predict that Derwent London Plc will post 113.7351779 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DLN. Deutsche Bank Aktiengesellschaft dropped their target price on Derwent London from GBX 2,000 to GBX 1,850 and set a "hold" rating for the company in a report on Friday, March 20th. Berenberg Bank cut their target price on Derwent London from GBX 2,296 to GBX 2,210 and set a "buy" rating on the stock in a report on Wednesday, April 1st. The Goldman Sachs Group reduced their price objective on Derwent London from GBX 2,550 to GBX 2,410 and set a "buy" rating for the company in a research note on Monday, March 30th. Finally, Stifel Nicolaus dropped their price target on Derwent London from GBX 1,925 to GBX 1,650 and set a "hold" rating on the stock in a research report on Tuesday, March 31st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 2,085.

About Derwent London

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt.

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