Derwent London (LON:DLN) Sets New 52-Week Low – What’s Next?

Derwent London Plc (LON:DLN)’s share price hit a new 52-week low on Friday . The company traded as low as GBX 1,714 ($22.20) and last traded at GBX 1,760 ($22.80), with a volume of 15179 shares. The stock had previously closed at GBX 1,749 ($22.66).

Analyst Ratings Changes

Separately, Shore Capital raised Derwent London to a “buy” rating in a research note on Wednesday, December 4th.

Derwent London Stock Up 0.6 %

The stock has a market cap of £1.97 billion, a price-to-earnings ratio of -5.46, a PEG ratio of 23.10 and a beta of 1.03. 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 stock has a fifty day moving average of GBX 1,892.62 and a two-hundred day moving average of GBX 2,101.41.

Derwent London (LON:DLN) last posted its earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.38) earnings per share for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. As a group, analysts predict that Derwent London Plc will post 113.7351779 EPS for the current fiscal year.

Insider Activity

In related news, insider Damian Wisniewski purchased 2,836 shares of Derwent London stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of GBX 1,749 ($22.66) per share, with a total value of £49,601.64 ($64,250.83). Insiders own 7.98% of the company’s stock.

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.