Derwent London Plc (DLN) Insider Sells £814250 in Stock

Derwent London Plc (LON:DLN) insider Simon P. Silver sold 25,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of GBX 3,257 ($42.56), for a total value of £814,250 ($1,063,961.85).

DLN opened at GBX 3,256 ($42.55) on Friday. Derwent London Plc has a 52-week low of GBX 2,745 ($35.87) and a 52-week high of GBX 3,344 ($43.70). The stock has a market cap of $3.63 billion and a P/E ratio of 16.37. The company has a debt-to-equity ratio of 22.96, a quick ratio of 0.23 and a current ratio of 0.46.

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

DLN has been the topic of a number of research reports. Liberum Capital restated a “hold” rating on shares of Derwent London in a report on Friday, November 23rd. Peel Hunt restated a “hold” rating on shares of Derwent London in a report on Friday, November 23rd. Barclays lowered Derwent London to an “equal weight” rating and cut their price target for the company from GBX 3,100 ($40.51) to GBX 2,900 ($37.89) in a report on Tuesday, December 11th. Goldman Sachs Group cut their price target on Derwent London from GBX 2,991 ($39.08) to GBX 2,976 ($38.89) and set a “neutral” rating on the stock in a report on Tuesday, December 18th. Finally, HSBC upgraded Derwent London to a “hold” rating in a report on Thursday, January 24th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,173.69 ($41.47).

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Derwent London Company Profile

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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