Shares of Derwent London Plc (LON:DLN) have been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 3,099.09 ($40.37).
A number of analysts have issued reports on DLN shares. BNP Paribas upgraded shares of Derwent London to a “neutral” rating and lifted their target price for the company from GBX 3,170 ($41.29) to GBX 3,230 ($42.07) in a research note on Tuesday, September 11th. Numis Securities reduced their target price on shares of Derwent London from GBX 3,786 ($49.32) to GBX 3,745 ($48.78) and set a “buy” rating for the company in a research note on Friday, August 10th. Liberum Capital reiterated a “hold” rating on shares of Derwent London in a research note on Friday, July 20th. UBS Group reiterated a “buy” rating and issued a GBX 3,600 ($46.89) target price (up from GBX 3,500 ($45.59)) on shares of Derwent London in a research note on Friday, July 20th. Finally, Peel Hunt reiterated a “hold” rating on shares of Derwent London in a research note on Thursday, August 9th.
In other Derwent London news, insider Robert Rayne sold 10,000 shares of Derwent London stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of GBX 3,045 ($39.66), for a total value of £304,500 ($396,639.31).
Shares of DLN opened at GBX 2,930 ($38.17) on Monday. Derwent London has a 52 week low of GBX 2,574 ($33.53) and a 52 week high of GBX 3,133 ($40.81).
Derwent London (LON:DLN) last announced its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported GBX 51.80 ($0.67) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 50.30 ($0.66) by GBX 1.50 ($0.02). Derwent London had a net margin of 146.08% and a return on equity of 7.38%.
The firm also recently announced a dividend, which will be paid on Friday, October 19th. Shareholders of record on Thursday, September 13th will be paid a GBX 19.10 ($0.25) dividend. This represents a yield of 0.61%. The ex-dividend date is Thursday, September 13th.
About Derwent London
Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, making it the largest London-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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