Derwent London (LON:DLN) Stock Price Crosses Above Two Hundred Day Moving Average of $2,070.07

Derwent London Plc (LON:DLNGet Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,070.07 ($25.99) and traded as high as GBX 2,180 ($27.37). Derwent London shares last traded at GBX 2,168 ($27.22), with a volume of 146,126 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 2,512 ($31.53) target price on shares of Derwent London in a report on Friday, February 9th.

Get Our Latest Analysis on Derwent London

Derwent London Price Performance

The company has a 50 day moving average of GBX 2,049.79 and a two-hundred day moving average of GBX 2,070.07. The firm has a market cap of £2.43 billion, a P/E ratio of -511.32, a PEG ratio of 23.10 and a beta of 0.92. The company has a quick ratio of 0.38, a current ratio of 0.74 and a debt-to-equity ratio of 39.06.

Derwent London Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 25th will be issued a dividend of GBX 55 ($0.69) per share. This represents a dividend yield of 2.87%. This is an increase from Derwent London’s previous dividend of $24.50. The ex-dividend date is Thursday, April 25th. Derwent London’s dividend payout ratio is currently -1,886.79%.

Derwent London Company Profile

(Get Free Report)

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.

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