Shares of Derwent London Plc (LON:DLN) have earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,099.09 ($40.50).
Several analysts recently commented on the company. Numis Securities decreased their price target on Derwent London from GBX 3,786 ($49.47) to GBX 3,745 ($48.94) and set a “buy” rating on the stock in a research note on Friday, August 10th. Liberum Capital reaffirmed a “hold” rating on shares of Derwent London in a research note on Friday, July 20th. UBS Group reaffirmed a “buy” rating and issued a GBX 3,600 ($47.04) price target (up previously from GBX 3,500 ($45.73)) on shares of Derwent London in a research note on Friday, July 20th. Peel Hunt reaffirmed a “hold” rating on shares of Derwent London in a research note on Thursday, August 9th. Finally, BNP Paribas raised Derwent London to a “neutral” rating and boosted their price target for the company from GBX 3,170 ($41.42) to GBX 3,230 ($42.21) in a research note on Tuesday, September 11th.
Shares of DLN traded up GBX 49 ($0.64) on Friday, reaching GBX 2,911 ($38.04). 298,333 shares of the stock traded hands, compared to its average volume of 287,770. Derwent London has a 12 month low of GBX 2,574 ($33.63) and a 12 month high of GBX 3,133 ($40.94).
Derwent London (LON:DLN) last released its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported GBX 51.80 ($0.68) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 50.30 ($0.66) by GBX 1.50 ($0.02). Derwent London had a return on equity of 7.38% and a net margin of 146.08%.
The business also recently declared a dividend, which will be paid on Friday, October 19th. Investors 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 of this dividend is Thursday, September 13th.
In related news, insider Robert Rayne sold 10,000 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of GBX 3,045 ($39.79), for a total value of £304,500 ($397,883.18).
Derwent London Company Profile
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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