Shares of Derwent London Plc (LON:DLN – Get Rating) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 3,222.29 ($37.26).
A number of analysts recently weighed in on DLN shares. Berenberg Bank cut shares of Derwent London to a “hold” rating and dropped their price objective for the stock from GBX 3,500 ($40.47) to GBX 2,800 ($32.37) in a report on Wednesday, August 31st. Barclays dropped their price objective on shares of Derwent London from GBX 2,690 ($31.10) to GBX 2,500 ($28.91) and set an “underweight” rating on the stock in a report on Tuesday, August 30th. Finally, Citigroup reaffirmed a “sell” rating and issued a GBX 2,506 ($28.97) price objective on shares of Derwent London in a report on Wednesday, July 20th.
Insider Activity at Derwent London
In related news, insider Nigel Q. George bought 2,576 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The stock was purchased at an average price of GBX 1,926 ($22.27) per share, for a total transaction of £49,613.76 ($57,363.58). In other Derwent London news, insider Sanjeev Sharma acquired 1,261 shares of Derwent London stock in a transaction dated Thursday, August 11th. The stock was bought at an average price of GBX 2,698 ($31.19) per share, for a total transaction of £34,021.78 ($39,336.09). Also, insider Nigel Q. George acquired 2,576 shares of Derwent London stock in a transaction dated Tuesday, October 11th. The shares were acquired at an average price of GBX 1,926 ($22.27) per share, with a total value of £49,613.76 ($57,363.58).
Derwent London Stock Up 0.7 %
Derwent London Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, October 14th. Investors of record on Thursday, September 8th were given a GBX 24 ($0.28) dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a yield of 0.87%. Derwent London’s dividend payout ratio is presently 32.14%.
Derwent London Company Profile
Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 June 2020, making it the largest London-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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