Derwent London (LON:DLN) Earns “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Derwent London (LON:DLN) in a research note issued to investors on Thursday morning, Marketbeat reports.

Derwent London Trading Up 0.2 %

Shares of Derwent London stock opened at GBX 1,996 ($26.44) on Thursday. The firm has a market capitalization of £2.23 billion, a PE ratio of -6.19, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. 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’s 50 day moving average is GBX 1,856.85 and its 200 day moving average is GBX 1,958.88. Derwent London has a 1 year low of GBX 1,665 ($22.06) and a 1 year high of GBX 2,530 ($33.52).

Derwent London (LON:DLN) last announced its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.41) earnings per share (EPS) for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. Equities research analysts forecast that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

Derwent London Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 24th will be given a GBX 55.50 ($0.74) dividend. This is a boost from Derwent London’s previous dividend of $25.00. This represents a yield of 3%. The ex-dividend date is Thursday, April 24th. Derwent London’s dividend payout ratio is -24.82%.

Insider Transactions at Derwent London

In other news, insider Damian Wisniewski bought 2,836 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was acquired at an average price of GBX 1,749 ($23.17) per share, with a total value of £49,601.64 ($65,714.94). 7.98% of the stock is owned by company insiders.

Derwent London Company Profile

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.