Liberum Capital Reaffirms Hold Rating for Derwent London (DLN)

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Liberum Capital reaffirmed their hold rating on shares of Derwent London (LON:DLN) in a research report released on Tuesday morning.

DLN has been the subject of a number of other reports. Morgan Stanley reaffirmed an underweight rating on shares of Derwent London in a research note on Wednesday, February 13th. HSBC raised Derwent London to a hold rating in a research note on Thursday, January 24th. Goldman Sachs Group lowered their price target on Derwent London from GBX 2,991 ($39.08) to GBX 2,976 ($38.89) and set a neutral rating for the company in a research note on Tuesday, December 18th. Barclays cut Derwent London to an equal weight rating and lowered their price target for the company from GBX 3,100 ($40.51) to GBX 2,900 ($37.89) in a research note on Tuesday, December 11th. Finally, Berenberg Bank reiterated a sell rating and issued a GBX 2,650 ($34.63) price objective on shares of Derwent London in a research report on Friday, March 1st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Derwent London currently has an average rating of Hold and a consensus price target of GBX 3,173.69 ($41.47).

Shares of DLN stock opened at GBX 3,287 ($42.95) on Tuesday. The company has a debt-to-equity ratio of 22.96, a current ratio of 0.46 and a quick ratio of 0.23. The stock has a market capitalization of $3.63 billion and a PE ratio of 16.53. Derwent London has a one year low of GBX 2,745 ($35.87) and a one year high of GBX 3,344 ($43.70).

The business also recently disclosed a dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 2nd will be issued a GBX 46.75 ($0.61) dividend. This represents a dividend yield of 1.42%. The ex-dividend date is Thursday, May 2nd. This is an increase from Derwent London’s previous dividend of $19.10. Derwent London’s dividend payout ratio is presently 0.33%.

In related news, insider Simon P. Silver sold 25,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of GBX 3,257 ($42.56), for a total value of £814,250 ($1,063,961.85).

About Derwent London

Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, 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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Analyst Recommendations for Derwent London (LON:DLN)

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