Derwent London (LON:DLN) Earns “Sell” Rating from Berenberg Bank

Berenberg Bank reissued their sell rating on shares of Derwent London (LON:DLN) in a report released on Monday morning, Digital Look reports. Berenberg Bank currently has a GBX 2,650 ($34.63) target price on the real estate investment trust’s stock.

A number of other brokerages have also recently commented on DLN. Goldman Sachs Group reissued a neutral rating on shares of Derwent London in a research note on Thursday, August 8th. Liberum Capital reissued a hold rating on shares of Derwent London in a research note on Thursday, August 8th. Numis Securities reissued an add rating on shares of Derwent London in a research note on Monday, June 3rd. Barclays cut Derwent London to an underweight rating and raised their price objective for the company from GBX 2,900 ($37.89) to GBX 3,000 ($39.20) in a research note on Tuesday, June 18th. Finally, Credit Suisse Group cut Derwent London to a neutral rating and reduced their price objective for the company from GBX 3,510 ($45.86) to GBX 3,430 ($44.82) in a research note on Tuesday, June 25th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 3,219 ($42.06).

Shares of Derwent London stock opened at GBX 3,010 ($39.33) on Monday. The company has a debt-to-equity ratio of 23.91, a quick ratio of 0.57 and a current ratio of 1.13. Derwent London has a 52 week low of GBX 2,745 ($35.87) and a 52 week high of GBX 3,352 ($43.80). The stock has a 50 day moving average price of GBX 3,035.40 and a two-hundred day moving average price of GBX 3,172.91. The stock has a market capitalization of $3.36 billion and a PE ratio of 15.29.

The business also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be given a dividend of GBX 21 ($0.27) per share. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 0.72%. Derwent London’s payout ratio is 0.35%.

In related news, insider Simon P. Silver sold 25,000 shares of Derwent London stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of GBX 3,138 ($41.00), for a total transaction of £784,500 ($1,025,088.20).

About Derwent London

Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, 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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