Damian Wisniewski Purchases 2,836 Shares of Derwent London Plc (LON:DLN) Stock

Derwent London Plc (LON:DLN) insider Damian Wisniewski bought 2,836 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of GBX 1,749 ($22.54) per share, for a total transaction of £49,601.64 ($63,919.64).

Derwent London Trading Up 1.0 %

Shares of DLN stock traded up GBX 18 ($0.23) during trading hours on Friday, hitting GBX 1,783 ($22.98). 329,531 shares of the company’s stock traded hands, compared to its average volume of 458,735. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. Derwent London Plc has a 12 month low of GBX 1,738 ($22.40) and a 12 month high of GBX 2,530 ($32.60). The stock has a market cap of £2.00 billion, a PE ratio of -5.53, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The stock’s 50 day simple moving average is GBX 1,912.93 and its 200 day simple moving average is GBX 2,121.61.

Derwent London (LON:DLN) last announced its earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.37) EPS for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. On average, sell-side analysts anticipate that Derwent London Plc will post 113.7351779 EPS for the current year.

Analysts Set New Price Targets

Separately, Shore Capital raised Derwent London to a “buy” rating in a report on Wednesday, December 4th.

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.