Derwent London Plc (LON:DLN - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 1,700 ($22.25) and last traded at GBX 1,721 ($22.53), with a volume of 582586 shares trading hands. The stock had previously closed at GBX 1,730 ($22.64).
Derwent London Trading Up 2.3 %
The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. The firm has a market capitalization of £2.02 billion, a P/E ratio of -5.59, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The firm's 50-day simple moving average is GBX 1,851.49 and its 200-day simple moving average is GBX 2,009.33.
Derwent London (LON:DLN - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.39) 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%. Analysts anticipate that Derwent London Plc will post 113.7351779 EPS for the current year.
Derwent London Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 24th will be issued a dividend of GBX 55.50 ($0.73) per share. This represents a dividend yield of 3%. This is a boost from Derwent London's previous dividend of $25.00. The ex-dividend date of this dividend is Thursday, April 24th. Derwent London's dividend payout ratio (DPR) is currently -24.82%.
Insider Buying and Selling
In other Derwent London news, insider Damian Wisniewski purchased 2,836 shares of the business's stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of GBX 1,749 ($22.89) per share, for a total transaction of £49,601.64 ($64,923.61). 7.98% of the stock is currently owned by corporate insiders.
About Derwent London
(
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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.
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