Derwent London (LON:DLN) Issues Earnings Results

Derwent London (LON:DLN - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported GBX 106.50 ($1.35) EPS for the quarter, Digital Look Earnings reports. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%.

Derwent London Price Performance

Shares of Derwent London stock traded down GBX 10 ($0.13) during midday trading on Monday, hitting GBX 1,829 ($23.24). 1,084,002 shares of the company were exchanged, compared to its average volume of 479,571. The firm has a 50 day simple moving average of GBX 1,925.65 and a 200-day simple moving average of GBX 2,132.44. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38. The firm has a market cap of £2.05 billion, a P/E ratio of -5.67, a PEG ratio of 23.10 and a beta of 1.03. Derwent London has a 52 week low of GBX 1,811 ($23.01) and a 52 week high of GBX 2,530 ($32.15).

Analysts Set New Price Targets

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

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.