Derwent London’s (DLN) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Derwent London (LON:DLN) in a report issued on Wednesday morning, Marketbeat.com reports. They currently have a GBX 1,850 target price on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus dropped their price objective on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a report on Tuesday, March 31st. The Goldman Sachs Group reduced their target price on Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a research note on Monday, March 30th. UBS Group reaffirmed a “sell” rating and set a GBX 1,650 price target on shares of Derwent London in a research note on Monday, May 11th. Berenberg Bank cut their price target on Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 1,492 price objective on shares of Derwent London in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 1,956.50.

Derwent London Stock Performance

LON DLN opened at GBX 1,671.62 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 43.37. The stock has a market cap of £1.88 billion, a P/E ratio of 11.65, a PEG ratio of 23.10 and a beta of 1.19. The company’s 50-day simple moving average is GBX 1,672.40 and its 200 day simple moving average is GBX 1,736.82. Derwent London has a twelve month low of GBX 1,469.33 and a twelve month high of GBX 2,106.

Derwent London (LON:DLN) last announced its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share (EPS) for the quarter. Derwent London had a return on equity of 4.48% and a net margin of 40.73%. As a group, research analysts forecast that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

Derwent London declared that its board has approved a stock buyback program on Tuesday, May 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, insider Damian Wisniewski sold 2,767 shares of Derwent London stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 1,603, for a total transaction of £44,355.01. Also, insider Emily Prideaux sold 2,469 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 1,603, for a total value of £39,578.07. Insiders sold a total of 8,694 shares of company stock valued at $13,936,482 over the last three months. Corporate insiders own 0.40% 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. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt.