Key Points
- Insider sale: Derwent London (LON:DLN) insider Emily Prideaux sold 2,469 shares on 7 April at an average of GBX 1,603, generating about £39,578 in proceeds.
- Analyst view: The stock has a consensus rating of "Moderate Buy" (four Buy, three Hold) with an average price target of GBX 2,085, though several brokers recently trimmed their targets.
- Key metrics: The REIT has a market cap of £1.85 billion, a P/E of 11.51, debt-to-equity around 43%, and a 52-week range of GBX 1,469–2,106.
Derwent London Plc (LON:DLN - Get Free Report) insider Emily Prideaux sold 2,469 shares of the business'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 £39,578.07.
Derwent London Trading Up 0.5%
DLN opened at GBX 1,651.56 on Friday. The company has a debt-to-equity ratio of 43.37, a current ratio of 0.59 and a quick ratio of 0.38. The company has a market cap of £1.85 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 23.10 and a beta of 1.18. The firm has a 50 day simple moving average of GBX 1,715.99 and a 200 day simple moving average of GBX 1,740.95. Derwent London Plc has a fifty-two week low of GBX 1,469.33 and a fifty-two week high of GBX 2,106.
Derwent London (LON:DLN - Get Free Report) last posted its quarterly earnings results 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%. On average, sell-side analysts anticipate that Derwent London Plc will post 113.7351779 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on DLN. Stifel Nicolaus reduced their target price on Derwent London from GBX 1,925 to GBX 1,650 and set a "hold" rating on the stock in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reduced their target price on Derwent London from GBX 2,000 to GBX 1,850 and set a "hold" rating on the stock in a report on Friday, March 20th. Berenberg Bank reduced their target price on Derwent London from GBX 2,296 to GBX 2,210 and set a "buy" rating on the stock in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group lowered their target price on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a "buy" rating for the company in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Derwent London has a consensus rating of "Moderate Buy" and an average price target of GBX 2,085.
View Our Latest Analysis on Derwent London
About Derwent London
(
Get Free Report)
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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