Derwent London (LON:DLN) Shares Cross Above 200-Day Moving Average of $2,097.55

Derwent London Plc (LON:DLN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,097.55 ($26.35) and traded as high as GBX 2,148 ($26.98). Derwent London shares last traded at GBX 2,142 ($26.91), with a volume of 226,121 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 2,512 ($31.55) price objective on shares of Derwent London in a research note on Friday, February 9th.

Derwent London Stock Performance

The firm has a fifty day moving average of GBX 2,068.80 and a 200-day moving average of GBX 2,097.55. The company has a quick ratio of 0.38, a current ratio of 0.74 and a debt-to-equity ratio of 39.06. The stock has a market capitalization of £2.41 billion, a price-to-earnings ratio of -505.19, a PEG ratio of 23.10 and a beta of 0.94.

Derwent London Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 25th will be paid a dividend of GBX 55 ($0.69) per share. This represents a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Derwent London’s previous dividend of $24.50. Derwent London’s payout ratio is -1,886.79%.

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.