Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Derwent London (LON:DLN – Free Report) in a research note issued to investors on Friday,Digital Look reports. They currently have a GBX 1,850 price target on the real estate investment trust’s stock.
DLN has been the subject of several other research reports. UBS Group reaffirmed a “sell” rating and issued a GBX 1,650 price target on shares of Derwent London in a report on Monday, May 11th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,492 target price on shares of Derwent London in a research note on Wednesday, July 1st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,210 price target on shares of Derwent London in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 1,956.50.
Get Our Latest Stock Analysis on Derwent London
Derwent London Price Performance
Derwent London (LON:DLN – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported GBX (16.59) 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 analysts predict that Derwent London will post 113.7351779 earnings per share for the current fiscal year.
Derwent London announced that its board has approved a share buyback plan on Tuesday, May 12th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
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. 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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