Derwent London Plc (LON:DLN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,958.64 ($25.81) and traded as high as GBX 2,026 ($26.69). Derwent London shares last traded at GBX 1,983 ($26.13), with a volume of 230,087 shares traded.
Analysts Set New Price Targets
Separately, Shore Capital reiterated a "buy" rating on shares of Derwent London in a report on Thursday, May 8th.
Check Out Our Latest Stock Analysis on DLN
Derwent London Trading Down 3.5%
The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68. The firm has a 50-day moving average price of GBX 1,865.19 and a 200-day moving average price of GBX 1,951.31. The company has a market capitalization of £2.15 billion, a price-to-earnings ratio of -5.97, a PEG ratio of 23.10 and a beta of 1.03.
Derwent London (LON:DLN - Get Free Report) last released its earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.40) EPS for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. As a group, sell-side analysts predict that Derwent London Plc will post 113.7351779 EPS for the current year.
Derwent London Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 55.50 ($0.73) per share. The ex-dividend date is Thursday, April 24th. This is a positive change from Derwent London's previous dividend of $25.00. This represents a dividend yield of 3%. Derwent London's dividend payout ratio (DPR) is currently -24.82%.
Insider Buying and Selling
In other news, insider Damian Wisniewski acquired 2,836 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of GBX 1,749 ($23.04) per share, with a total value of £49,601.64 ($65,351.30). Insiders own 7.98% of the company's stock.
About Derwent London
(
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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.
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