Derwent London Plc Declares Dividend of GBX 11.65 (DLN)
Derwent London Plc (LON:DLN) announced a dividend on Thursday, August 14th, AnalystRatings.Net reports. Shareholders of record on Wednesday, September 17th will be paid a dividend of GBX 11.65 ($0.20) per share on Thursday, October 23rd. This represents a dividend yield of 0.42%. The ex-dividend date is Wednesday, September 17th. The official announcement can be accessed at this link.
A number of analysts have recently weighed in on DLN shares. Analysts at JPMorgan Chase & Co. upgraded shares of Derwent London Plc to an “overweight” rating in a research note on Thursday. They now have a GBX 3,060 ($51.33) price target on the stock. On a related note, analysts at Liberum Capital reiterated a “hold” rating on shares of Derwent London Plc in a research note on Thursday. They now have a GBX 2,891 ($48.50) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Derwent London Plc in a research note on Tuesday. They now have a GBX 3,062 ($51.37) price target on the stock. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,932.62 ($49.20).
Derwent London Plc (LON:DLN) traded up 4.56% during mid-day trading on Thursday, hitting GBX 2799.00. 226,607 shares of the company’s stock traded hands. Derwent London Plc has a 52-week low of GBX 2255.00 and a 52-week high of GBX 2833.00. The stock has a 50-day moving average of GBX 2679. and a 200-day moving average of GBX 2698.12. The company’s market cap is £2.868 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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