Derwent London (LON:DLN) Reaches New 52-Week High at $2,456.00

Shares of Derwent London Plc (LON:DLN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,456 ($32.12) and last traded at GBX 2,434 ($31.83), with a volume of 10404469 shares. The stock had previously closed at GBX 2,446 ($31.99).

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price objective on Derwent London from GBX 2,494 ($32.61) to GBX 2,700 ($35.31) and gave the company a “buy” rating in a research report on Wednesday, August 21st.

Derwent London Stock Down 0.5 %

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 stock has a market cap of £2.73 billion, a P/E ratio of -761.99, a PEG ratio of 23.10 and a beta of 1.03. The company’s 50 day moving average price is GBX 2,306.20 and its two-hundred day moving average price is GBX 2,213.47.

Derwent London Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 5th will be paid a GBX 25 ($0.33) dividend. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 1.1%. Derwent London’s dividend payout ratio (DPR) is -2,492.21%.

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.