Insider Buying: Derwent London Plc (LON:DLN) Insider Buys £49,601.64 in Stock

Derwent London Plc (LON:DLN) insider Damian Wisniewski bought 2,836 shares of Derwent London stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of GBX 1,749 ($22.61) per share, for a total transaction of £49,601.64 ($64,117.94).

Derwent London Price Performance

Shares of DLN stock opened at GBX 1,783 ($23.05) on Monday. The stock has a market cap of £2.00 billion, a price-to-earnings ratio of -5.53, a PEG ratio of 23.10 and a beta of 1.03. The business’s fifty day moving average is GBX 1,908.95 and its 200 day moving average is GBX 2,118.06. Derwent London Plc has a twelve month low of GBX 1,738 ($22.47) and a twelve month high of GBX 2,530 ($32.70). The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68.

Derwent London (LON:DLN) last released its earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.38) EPS for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. Research analysts expect that Derwent London Plc will post 113.7351779 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Shore Capital raised Derwent London to a “buy” rating in a research note on Wednesday, December 4th.

Derwent London Company Profile

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.