Derwent London (LON:DLN) Reaches New 52-Week Low – Should You Sell?

Derwent London Plc (LON:DLN) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 1,700 ($21.64) and last traded at GBX 1,721 ($21.91), with a volume of 582586 shares changing hands. The stock had previously closed at GBX 1,730 ($22.02).

Derwent London Stock Up 2.1 %

The business’s 50 day moving average is GBX 1,873.43 and its 200 day moving average is GBX 2,033.44. The company has a market capitalization of £1.98 billion, a price-to-earnings ratio of -5.48, a PEG ratio of 23.10 and a beta of 1.03. The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51.

Derwent London (LON:DLN) last issued its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.36) EPS for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. Sell-side analysts anticipate that Derwent London Plc will post 113.7351779 earnings per share for the current year.

Derwent London Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 24th will be issued a dividend of GBX 55.50 ($0.71) per share. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, April 24th. This is a boost from Derwent London’s previous dividend of $25.00. Derwent London’s dividend payout ratio (DPR) is -24.82%.

Insiders Place Their Bets

In other news, insider Damian Wisniewski bought 2,836 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of GBX 1,749 ($22.26) per share, with a total value of £49,601.64 ($63,138.54). 7.98% of the stock is owned by insiders.

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.