DHT Holdings Inc. (DHT) Lowered to Hold at TheStreet
DHT Holdings Inc. (NYSE:DHT) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Other equities research analysts also recently issued reports about the stock. Jefferies Group reiterated a “buy” rating on shares of DHT Holdings in a research report on Monday, August 22nd. Morgan Stanley set a $7.00 price objective on shares of DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $7.78.
DHT Holdings (NYSE:DHT) traded down 2.38% on Monday, hitting $4.11. The stock had a trading volume of 1,188,211 shares. DHT Holdings has a 1-year low of $4.02 and a 1-year high of $8.52. The company’s 50 day moving average is $4.65 and its 200-day moving average is $5.27. The firm has a market capitalization of $383.73 million, a price-to-earnings ratio of 3.37 and a beta of 1.27.
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DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. The company earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. On average, analysts forecast that DHT Holdings will post $0.98 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 22.38%. DHT Holdings’s payout ratio is presently 75.41%.
Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in DHT Holdings by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,951,478 shares of the company’s stock worth $39,996,000 after buying an additional 40,984 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of DHT Holdings by 0.8% in the second quarter. BlackRock Fund Advisors now owns 2,349,759 shares of the company’s stock worth $11,819,000 after buying an additional 17,977 shares during the period. Allianz Asset Management AG raised its position in shares of DHT Holdings by 34.2% in the second quarter. Allianz Asset Management AG now owns 1,945,209 shares of the company’s stock worth $9,785,000 after buying an additional 496,095 shares during the period. AJO LP raised its position in shares of DHT Holdings by 40.2% in the second quarter. AJO LP now owns 1,886,459 shares of the company’s stock worth $9,489,000 after buying an additional 540,804 shares during the period. Finally, State Street Corp raised its position in shares of DHT Holdings by 13.0% in the first quarter. State Street Corp now owns 1,602,360 shares of the company’s stock worth $9,231,000 after buying an additional 184,648 shares during the period. 67.72% of the stock is currently owned by hedge funds and other institutional investors.
About DHT Holdings
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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