Derwent London (LON:DLN) Hits New 52-Week Low – Time to Sell?

Derwent London Plc (LON:DLN) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 1,700 ($21.64) and last traded at GBX 1,721 ($21.91), with a volume of 582586 shares traded. The stock had previously closed at GBX 1,730 ($22.02).

Derwent London Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. The stock has a market cap of £1.98 billion, a P/E ratio of -5.48, a PEG ratio of 23.10 and a beta of 1.03. The business has a 50 day moving average price of GBX 1,873.43 and a 200 day moving average price of GBX 2,033.44.

Derwent London (LON:DLN) last announced its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.36) earnings per share for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. As a group, sell-side analysts expect that Derwent London Plc will post 113.7351779 EPS for the current year.

Derwent London Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 55.50 ($0.71) per share. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 3%. This is a positive change from Derwent London’s previous dividend of $25.00. Derwent London’s dividend payout ratio (DPR) is currently -24.82%.

Insiders Place Their Bets

In related news, insider Damian Wisniewski acquired 2,836 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of GBX 1,749 ($22.26) per share, with a total value of £49,601.64 ($63,138.54). 7.98% of the stock is owned by company insiders.

Derwent London Company Profile

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.