Derwent London (LON:DLN) Sets New 52-Week Low - What's Next?

Derwent London Plc (LON:DLN - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 1,714 ($22.26) and last traded at GBX 1,760 ($22.86), with a volume of 15179 shares trading hands. The stock had previously closed at GBX 1,749 ($22.72).

Analyst Upgrades and Downgrades

Separately, Shore Capital upgraded shares of Derwent London to a "buy" rating in a report on Wednesday, December 4th.

Derwent London Stock Performance

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 business's 50 day moving average is GBX 1,887.41 and its 200 day moving average is GBX 2,093.40. The stock has a market capitalization of £2.07 billion, a PE ratio of -5.73, a PEG ratio of 23.10 and a beta of 1.03.

Derwent London (LON:DLN - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.38) EPS for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. On average, equities research analysts predict that Derwent London Plc will post 113.7351779 earnings per share for the current fiscal year.

Derwent London Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 24th will be given a GBX 55.50 ($0.72) dividend. This represents a 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 payout ratio is -24.82%.

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Insider Buying and Selling at Derwent London

In other Derwent London news, insider Damian Wisniewski purchased 2,836 shares of the stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of GBX 1,749 ($22.72) per share, with a total value of £49,601.64 ($64,426.08). 7.98% of the stock is owned by corporate 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.