Derwent London (LON:DLN – Get Free Report)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a report released on Wednesday,London Stock Exchange reports. They presently have a GBX 1,850 price target on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 10.98% from the company’s previous close.
Several other research firms have also recently weighed in on DLN. The Goldman Sachs Group lowered 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 research report on Monday, March 30th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,492 price objective on shares of Derwent London in a research note on Tuesday. Stifel Nicolaus reduced their price objective on Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Berenberg Bank reduced their price objective on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, UBS Group reaffirmed a “sell” rating and set a GBX 1,650 price target on shares of Derwent London in a research report on Monday. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Derwent London presently has an average rating of “Hold” and a consensus target price of GBX 1,956.50.
Get Our Latest Stock Analysis on DLN
Derwent London Stock Performance
Derwent London (LON:DLN – Get Free Report) last issued its earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 EPS for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. As a group, analysts anticipate that Derwent London will post 113.7351779 EPS for the current fiscal year.
Derwent London announced that its board has authorized a stock buyback program on Tuesday, May 12th that permits the company to buyback 0 shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling at Derwent London
In other news, insider Damian Wisniewski sold 2,767 shares of the business’s 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 value of £44,355.01. Also, insider Paul M. Williams sold 3,458 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 1,603, for a total transaction of £55,431.74. Insiders have sold a total of 8,694 shares of company stock valued at $13,936,482 in the last ninety days. 0.40% of the stock is currently owned by company insiders.
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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