Derwent London (DLN) Share Price, News & Analysis

Company Overview

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. We capitalise on the unique qualities of each of our properties - taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing. As part of our commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, publishing its pathway to achieving this goal in July 2020. In 2019 the Group became the first UK REIT to sign a Revolving Credit Facility with a 'green' tranche. At the same time, we also launched our Green Finance Framework and signed the Better Buildings Partnership's climate change commitment. The Group is a member of the 'RE100' which recognises Derwent London as an influential company, committed to 100% renewable power by purchasing renewable energy, a key step in becoming a net zero carbon business. Derwent London is one of the property companies worldwide to have science-based carbon targets validated by the Science Based Targets initiative (SBTi). Landmark buildings in our 5.4 million sq ft portfolio include 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1. In January 2022 we were proud to announce that we had achieved the National Equality Standard - the UK's highest benchmark for equality, diversity and inclusion. In May 2023 we were recognised on the Sunday Times Best Places to Work List 2023 within the medium-sized organisation category and in the following month we won two OAS awards - West End New Build for Soho Place W1 and Developer of the Year whilst we were also highly commended for The Featherstone Building in the City New Build category. In October 2023, White Collar Factory EC1 won the BCO's Test of Time 2023 award, Soho Place W1 won the British Construction Industry Awards' Best Commercial Property Project of the Year and Derwent London was awarded the EG Employer Award. In March 2023 we placed in the top three of the Property Sector in Management Today's Britain's Most Admired Companies awards 2022. In October 2022, 80 Charlotte Street won the BCO's Best National Commercial Workplace award 2022. In 2013 the Company launched a voluntary Community Fund which has to date supported over 160 community projects in the West End and the Tech Belt. The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER.

Key Stats

• Today's Range: 2,420 to 2,492
• 50-Day Range: 2,176 to 2,508
• 52-Week Range: 1,766 to 2,530
• Volume: 163,729 shs
• Average Volume: 229,538 shs
• Market Capitalization: £2.78 billion
• P/E Ratio: N/A
• Dividend Yield: 3.23%
• Price Target: GBX 2,306.50
• Consensus Rating: Moderate Buy

Derwent London Stock Analysis - MarketRank™

Derwent London scored higher than 14% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Derwent London has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Derwent London has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Derwent London is -771.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Derwent London is -771.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Derwent London has a PEG Ratio of 23.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Derwent London has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for DLN.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Derwent London pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Derwent London does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for DLN.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.42

News Sentiment

Derwent London has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Derwent London this week, compared to 0 articles on an average week.

Search Interest

Only 6 people have searched for DLN on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Derwent London insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.01% of the stock of Derwent London is held by insiders.

Percentage Held by Institutions

72.31% of the stock of Derwent London is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DLN Stock Analysis - Frequently Asked Questions

How have DLN shares performed this year?

Derwent London's stock was trading at GBX 2,360 at the beginning of 2024. Since then, DLN shares have increased by 4.9% and is now trading at GBX 2,476.
View the best growth stocks for 2024 here.

How were Derwent London's earnings last quarter?

Derwent London Plc (LON:DLN) issued its quarterly earnings results on Thursday, August, 9th. The real estate investment trust reported $51.80 EPS for the quarter, topping the consensus estimate of $50.30 by $1.50. Derwent London had a negative net margin of 129.47% and a negative trailing twelve-month return on equity of 9.90%.

How do I buy shares of Derwent London?

Shares of DLN stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What other stocks do shareholders of Derwent London own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Derwent London investors own include Oracle (ORCL), IP Group (IPO), London Stock Exchange Group plc (LSE.L) (LSE), Petrofac (PFC), Agios Pharmaceuticals (AGIO), CLS (CLI).

Company Calendar

• Last Earnings: 8/09/2018
• Ex-Dividend for 10/11 Dividend: 9/05/2024
• Today: 9/19/2024
• Dividend Payable: 10/11/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Real Estate
• Industry: REIT - Office
• Sub-Industry: N/A
• Current Symbol: LON:DLN
• CUSIP: N/A
• CIK: N/A
• Web: www.derwentlondon.com
• Phone: +44-20-76593000
• Fax: N/A
• Employees: 199
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 2,306.50
• High Stock Price Target: GBX 2,700
• Low Stock Price Target: GBX 1,913
• Potential Upside/Downside: -6.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX (3.21)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 22.41
• P/E Growth: 23.1
• Net Income: £-360,700,000.00
• Net Margins: -129.47%
• Pretax Margin: N/A
• Return on Equity: -9.90%
• Return on Assets: 1.96%

Debt

• Debt-to-Equity Ratio: 40.68
• Current Ratio: 0.51
• Quick Ratio: 0.38

Sales & Book Value

• Annual Sales: £278.60 million
• Price / Sales: 9.97
• Cash Flow: GBX 31.02 per share
• Price / Cash Flow: 79.73
• Book Value: GBX 3,046 per share
• Price / Book: 0.81

Miscellaneous

• Outstanding Shares: 112,290,000
• Free Float: N/A
• Market Cap: £2.78 billion
• Optionable: Not Optionable
• Beta: 1.03