Insider Selling: Derwent London (LON:DLN) Insider Sells 2,469 Shares of Stock

Key Points

• Insider sale: Emily Prideaux sold 2,469 shares on April 7 at an average price of GBX 1,603, totaling £39,578.07.
• Share performance: Shares traded at GBX 1,638 mid-day (down GBX 6) with volume 124,083 (vs. average 1,088,271) and are below both the 50-day (GBX 1,721.39) and 200-day (GBX 1,740.98) moving averages.
• Analyst view: Multiple brokers have trimmed price targets recently, but consensus remains a "Moderate Buy" with an average target of GBX 2,085 (four Buy, three Hold ratings).

Derwent London Plc (LON:DLN - Get Free Report) insider Emily Prideaux sold 2,469 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 1,603, for a total transaction of £39,578.07.

Derwent London Price Performance

Shares of LON DLN traded down GBX 6 during mid-day trading on Friday, hitting GBX 1,638. 124,083 shares of the stock were exchanged, compared to its average volume of 1,088,271. The company has a market cap of £1.84 billion, a P/E ratio of 11.41, a PEG ratio of 23.10 and a beta of 1.18. The stock's fifty day simple moving average is GBX 1,721.39 and its two-hundred day simple moving average is GBX 1,740.98. 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 posted its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. As a group, analysts forecast that Derwent London Plc will post 113.7351779 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DLN has been the subject of several recent analyst reports. The Goldman Sachs Group dropped their price objective on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a "buy" rating for the company in a report on Monday, March 30th. Stifel Nicolaus dropped their price objective on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a "hold" rating for the company in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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. Finally, Berenberg Bank lowered their price target on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a "buy" rating for the company in a report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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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