Derwent London Plc (DLN) Announces GBX 17.33 Dividend
Derwent London Plc (LON:DLN) announced a dividend on Thursday, August 10th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 14th will be given a dividend of GBX 17.33 ($0.22) per share by the real estate investment trust on Friday, October 20th. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, September 14th. The official announcement can be viewed at this link.
Derwent London Plc (LON:DLN) traded down 1.39% during mid-day trading on Friday, hitting GBX 2770.00. 150,830 shares of the stock were exchanged. The stock has a 50 day moving average price of GBX 2,798.62 and a 200 day moving average price of GBX 2,790.85. Derwent London Plc has a 1-year low of GBX 2,341.00 and a 1-year high of GBX 3,021.00. The company’s market capitalization is GBX 3.09 billion.
Derwent London Plc (LON:DLN) last issued its earnings results on Thursday, August 10th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Derwent London Plc had a return on equity of 7.38% and a net margin of 146.08%. On average, equities analysts anticipate that Derwent London Plc will post $88.58 earnings per share for the current fiscal year.
DLN has been the topic of a number of recent research reports. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 3,200 ($41.33) target price on shares of Derwent London Plc in a report on Wednesday, August 23rd. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 3,457 ($44.65) target price on shares of Derwent London Plc in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) increased their price target on Derwent London Plc from GBX 3,250 ($41.97) to GBX 3,266 ($42.18) and gave the company a “neutral” rating in a research report on Friday, May 12th. Liberum Capital reissued a “hold” rating and issued a GBX 2,650 ($34.22) price target on shares of Derwent London Plc in a research report on Thursday, August 10th. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 2,900 ($37.45) price target on shares of Derwent London Plc in a research report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 2,940.50 ($37.98).
Derwent London Plc Company Profile
Derwent London plc is a United Kingdom-based real estate investment trust (REIT) operating in central London region. The Company owns and manages a portfolio of approximately 6.2 million square feet located in over 15 villages in London’s West End and City borders and focus on middle market rents. The Company’s property portfolio includes investment property, owner-occupied property and trading property.
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