Derwent London (LON:DLN) Given “Buy” Rating at Shore Capital

Derwent London (LON:DLN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital in a research report issued on Thursday, Marketbeat.com reports.

Derwent London Price Performance

Shares of DLN opened at GBX 1,996 ($26.55) on Thursday. The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51. The firm has a market cap of £2.23 billion, a PE ratio of -6.19, a PEG ratio of 23.10 and a beta of 1.03. The firm’s 50 day moving average price is GBX 1,860.67 and its 200 day moving average price is GBX 1,957.12. Derwent London has a twelve month low of GBX 1,665 ($22.15) and a twelve month high of GBX 2,530 ($33.66).

Derwent London (LON:DLN) last issued its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.42) earnings per share for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. As a group, research analysts expect that Derwent London will post 113.7351779 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Damian Wisniewski bought 2,836 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of GBX 1,749 ($23.27) per share, with a total value of £49,601.64 ($65,985.95). Company 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.