DHT Holdings Inc. (DHT) Lowered to “Hold” at TheStreet
DHT Holdings Inc. (NYSE:DHT) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
Several other equities analysts have also recently commented on DHT. Morgan Stanley set a $7.00 price target on shares of DHT Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Jefferies Group reduced their price target on shares of DHT Holdings from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. DHT Holdings has an average rating of “Buy” and an average price target of $7.78.
Shares of DHT Holdings (NYSE:DHT) traded down 2.38% during midday trading on Monday, reaching $4.11. The company’s 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 stock has a 50 day moving average of $4.65 and a 200-day moving average of $5.27. The company has a market capitalization of $383.73 million, a P/E ratio of 3.37 and a beta of 1.27.
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DHT Holdings (NYSE:DHT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. The business had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $82.44 million. During the same quarter last year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts anticipate that DHT Holdings will post $0.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th were paid a $0.23 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.92 annualized dividend and a dividend yield of 22.38%. DHT Holdings’s payout ratio is currently 75.41%.
Several large investors have recently made changes to their positions in the stock. Prudential Financial Inc. raised its stake in shares of DHT Holdings by 217.0% in the first quarter. Prudential Financial Inc. now owns 518,000 shares of the company’s stock valued at $2,984,000 after buying an additional 354,600 shares during the last quarter. Aperio Group LLC raised its stake in shares of DHT Holdings by 139.7% in the first quarter. Aperio Group LLC now owns 207,699 shares of the company’s stock valued at $1,196,000 after buying an additional 121,049 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of DHT Holdings during the second quarter valued at approximately $594,000. Kennedy Capital Management Inc. purchased a new stake in shares of DHT Holdings during the first quarter valued at approximately $2,869,000. Finally, InterOcean Capital LLC raised its stake in shares of DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock valued at $276,000 after buying an additional 1,150 shares during the last quarter. Institutional investors own 67.72% of the company’s stock.
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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