Derwent London Plc (LON:DLN) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 3,344 ($43.70) and last traded at GBX 3,328 ($43.49), with a volume of 173029 shares changing hands. The stock had previously closed at GBX 3,328 ($43.49).

DLN has been the topic of a number of recent analyst reports. Berenberg Bank reiterated a “sell” rating and issued a GBX 2,650 ($34.63) price objective on shares of Derwent London in a report on Friday, March 1st. Deutsche Bank upped their price objective on Derwent London from GBX 3,200 ($41.81) to GBX 3,600 ($47.04) and gave the company a “hold” rating in a report on Monday, March 4th. Goldman Sachs Group decreased their price objective on Derwent London from GBX 2,976 ($38.89) to GBX 2,960 ($38.68) and set a “neutral” rating on the stock in a report on Friday, January 25th. UBS Group reiterated a “buy” rating and issued a GBX 3,750 ($49.00) price objective (up from GBX 3,600 ($47.04)) on shares of Derwent London in a report on Wednesday, March 13th. Finally, Morgan Stanley upped their price objective on Derwent London from GBX 3,000 ($39.20) to GBX 3,300 ($43.12) and gave the company an “underweight” rating in a report on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 3,184 ($41.60).

The company has a quick ratio of 0.23, a current ratio of 0.46 and a debt-to-equity ratio of 22.96. The company has a market capitalization of $3.71 billion and a P/E ratio of 16.69.

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

In other news, insider Simon P. Silver sold 25,000 shares of the company’s 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 transaction of £814,250 ($1,063,961.85). Also, insider David Silverman sold 6,165 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of GBX 3,219 ($42.06), for a total value of £198,451.35 ($259,311.84).

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Derwent London Company Profile (LON:DLN)

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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