Derwent London (LON:DLN) Sets New 52-Week Low – Here’s What Happened

Derwent London Plc (LON:DLN)’s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 1,700 ($22.07) and last traded at GBX 1,721 ($22.34), with a volume of 582586 shares. The stock had previously closed at GBX 1,730 ($22.46).

Derwent London Stock Performance

The company has a market capitalization of £1.97 billion, a price-to-earnings ratio of -5.47, a PEG ratio of 23.10 and a beta of 1.03. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38. The stock has a 50-day moving average price of GBX 1,857.01 and a 200-day moving average price of GBX 2,015.65.

Derwent London (LON:DLN) last released its earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.38) 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, analysts forecast that Derwent London Plc will post 113.7351779 earnings per share for the current year.

Derwent London Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 24th will be paid a GBX 55.50 ($0.72) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from Derwent London’s previous dividend of $25.00. This represents a dividend yield of 3%. Derwent London’s payout ratio is presently -24.82%.

Insiders Place Their Bets

In related news, insider Damian Wisniewski bought 2,836 shares of the company’s stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of GBX 1,749 ($22.70) per share, with a total value of £49,601.64 ($64,384.27). Corporate insiders own 7.98% of the company’s stock.

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.