Derwent London (LON:DLN) Stock Crosses Above 200-Day Moving Average of $2,157.21

Shares of Derwent London Plc (LON:DLN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,157.21 ($27.57) and traded as high as GBX 2,276 ($29.09). Derwent London shares last traded at GBX 2,276 ($29.09), with a volume of 127,475 shares traded.

Derwent London Stock Up 0.3 %

The company has a debt-to-equity ratio of 39.06, a quick ratio of 0.38 and a current ratio of 0.74. The firm’s 50 day moving average price is GBX 2,281.85 and its two-hundred day moving average price is GBX 2,159.19. The company has a market cap of £2.63 billion, a P/E ratio of -556.13, a price-to-earnings-growth ratio of 23.10 and a beta of 0.94.

Derwent London Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 5th will be issued a GBX 25 ($0.32) dividend. This represents a yield of 1.1%. The ex-dividend date is Thursday, September 5th. Derwent London’s payout ratio is -1,886.79%.

Insider Activity

In other news, insider Rob Wilkinson bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of GBX 2,318 ($29.62) per share, with a total value of £34,770 ($44,434.50). Company insiders own 8.06% of the company’s stock.

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.