Deutsche Bank Aktiengesellschaft Reiterates “Hold” Rating for Derwent London (LON:DLN)

Derwent London (LON:DLN)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 1,850 price target on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 10.98% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. 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. The Goldman Sachs Group dropped their target price on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating on the stock in a report on Monday, March 30th. Stifel Nicolaus lowered their price objective on Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,492 price objective on shares of Derwent London in a report on Tuesday. Finally, Berenberg Bank dropped their price target on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Derwent London has an average rating of “Hold” and a consensus price target of GBX 1,956.50.

Derwent London Stock Down 1.4%

Shares of LON:DLN opened at GBX 1,667 on Wednesday. The company has a debt-to-equity ratio of 43.37, a quick ratio of 0.38 and a current ratio of 0.59. Derwent London has a 1 year low of GBX 1,469.33 and a 1 year high of GBX 2,106. The stock has a 50-day simple moving average of GBX 1,674.48 and a 200-day simple moving average of GBX 1,739.16. The stock has a market capitalization of £1.87 billion, a P/E ratio of 11.62, a PEG ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last released 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 net margin of 40.73% and a return on equity of 4.48%. Equities analysts forecast that Derwent London will post 113.7351779 earnings per share for the current year.

Derwent London declared that its board has authorized a share repurchase plan on Tuesday, May 12th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Damian Wisniewski sold 2,767 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total value of £44,355.01. Also, insider Emily Prideaux sold 2,469 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £39,578.07. In the last quarter, insiders have sold 8,694 shares of company stock valued at $13,936,482. 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.