DHT Holdings Inc (DHT) Downgraded to “D+” at TheStreet
DHT Holdings Inc (NYSE:DHT) was downgraded by investment analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued on Monday.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, March 29th. Maxim Group upped their price objective on DHT Holdings from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Friday, April 21st. Jefferies Group LLC restated a “buy” rating and set a $6.00 price objective on shares of DHT Holdings in a research report on Monday, April 24th. Finally, Stifel Nicolaus upped their price objective on DHT Holdings from $4.50 to $5.00 and gave the stock a “hold” rating in a research report on Monday, January 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.70.
Shares of DHT Holdings (NYSE:DHT) traded down 0.22% on Monday, hitting $4.54. The company’s stock had a trading volume of 706,875 shares. The stock’s 50-day moving average price is $4.58 and its 200-day moving average price is $4.36. DHT Holdings has a 52 week low of $3.29 and a 52 week high of $5.87. The firm’s market cap is $429.58 million.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 22nd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 18th. This represents a $0.32 annualized dividend and a dividend yield of 7.05%. DHT Holdings’s dividend payout ratio is currently 3,200.00%.
Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after buying an additional 260 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of DHT Holdings during the first quarter valued at $146,000. Engineers Gate Manager LP acquired a new stake in shares of DHT Holdings during the first quarter valued at $148,000. SG Americas Securities LLC increased its stake in shares of DHT Holdings by 4.0% in the first quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock valued at $159,000 after buying an additional 1,360 shares in the last quarter. Finally, RFG Advisory Group LLC acquired a new stake in shares of DHT Holdings during the fourth quarter valued at $167,000. Institutional investors and hedge funds own 59.90% of the company’s stock.
DHT Holdings Company Profile
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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