Derwent London Plc (LON:DLN) Plans Dividend of GBX 25

Derwent London Plc (LON:DLN) declared a dividend on Thursday, August 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 5th will be given a dividend of GBX 25 ($0.33) per share by the real estate investment trust on Friday, October 11th. This represents a yield of 1.1%. The ex-dividend date is Thursday, September 5th. The official announcement can be accessed at this link.

Derwent London Stock Performance

Derwent London stock opened at GBX 2,354 ($30.95) on Tuesday. The company has a debt-to-equity ratio of 35.55, a quick ratio of 0.38 and a current ratio of 0.51. The stock has a fifty day moving average of GBX 2,286.78 and a two-hundred day moving average of GBX 2,192.53. The company has a market capitalization of £2.64 billion, a price-to-earnings ratio of -740.81, a PEG ratio of 23.10 and a beta of 1.01. Derwent London has a fifty-two week low of GBX 1,766 ($23.22) and a fifty-two week high of GBX 2,457.18 ($32.31).

Insider Activity

In other Derwent London news, insider Rob Wilkinson acquired 1,500 shares of the stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of GBX 2,318 ($30.48) per share, with a total value of £34,770 ($45,719.92). Company insiders own 8.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price target on Derwent London from GBX 2,494 ($32.79) to GBX 2,700 ($35.50) and gave the stock a “buy” rating in a research report on Wednesday, August 21st.

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.