Derwent London (LON:DLN) Stock Crosses Above 200 Day Moving Average of $2,234.02

Derwent London Plc (LON:DLN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,234.02 ($29.51) and traded as high as GBX 2,504 ($33.08). Derwent London shares last traded at GBX 2,450 ($32.36), with a volume of 121,475 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on Derwent London from GBX 2,494 ($32.95) to GBX 2,700 ($35.67) and gave the company a “buy” rating in a report on Wednesday, August 21st.

Derwent London Trading Down 0.2 %

The company has a market cap of £2.75 billion, a PE ratio of -763.24, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68. The firm has a fifty day moving average of GBX 2,329.84 and a two-hundred day moving average of GBX 2,234.02.

Derwent London Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 5th will be given a GBX 25 ($0.33) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 5th. Derwent London’s dividend payout ratio (DPR) is currently -2,492.21%.

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.