Derwent London Plc (LON:DLN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,268.54 ($29.62) and traded as high as GBX 2,312 ($30.19). Derwent London shares last traded at GBX 2,288 ($29.88), with a volume of 107,086 shares traded.
Separately, Berenberg Bank boosted their price objective on Derwent London from GBX 2,494 ($32.57) to GBX 2,700 ($35.26) and gave the stock a "buy" rating in a research note on Wednesday, August 21st.
Get Our Latest Stock Analysis on DLN
The stock has a market cap of £2.57 billion, a P/E ratio of -712.77, a PEG ratio of 23.10 and a beta of 1.03. The business has a 50 day moving average price of GBX 2,366.66 and a 200 day moving average price of GBX 2,268.54. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68.
The firm also recently announced a dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 5th were paid a dividend of GBX 25 ($0.33) per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a dividend yield of 1.1%. Derwent London's dividend payout ratio is -2,492.21%.
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.
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