DHT Holdings, Inc. (DHT) Given Average Rating of “Hold” by Brokerages
Shares of DHT Holdings, Inc. (NYSE:DHT) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $5.88.
A number of research firms have issued reports on DHT. BidaskClub lowered DHT Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Stifel Nicolaus set a $5.00 price target on DHT Holdings and gave the company a “hold” rating in a research report on Wednesday, August 9th. Maxim Group set a $7.00 price target on DHT Holdings and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised DHT Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine lowered DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
Several large investors have recently modified their holdings of the company. Canyon Capital Advisors LLC acquired a new stake in shares of DHT Holdings during the first quarter valued at $7,620,000. Alliancebernstein L.P. raised its stake in shares of DHT Holdings by 525.0% in the first quarter. Alliancebernstein L.P. now owns 773,780 shares of the shipping company’s stock valued at $3,459,000 after buying an additional 649,980 shares during the period. State of Wisconsin Investment Board acquired a new stake in shares of DHT Holdings during the second quarter valued at $2,283,000. Marshall Wace North America L.P. acquired a new stake in shares of DHT Holdings during the second quarter valued at $1,996,000. Finally, Numeric Investors LLC acquired a new stake in shares of DHT Holdings during the second quarter valued at $1,874,000. 35.44% of the stock is currently owned by institutional investors and hedge funds.
DHT Holdings (NYSE DHT) traded up 1.85% during trading on Tuesday, reaching $3.85. The company’s stock had a trading volume of 508,055 shares. The stock has a 50 day moving average price of $4.10 and a 200 day moving average price of $4.42. The stock’s market capitalization is $548.04 million. DHT Holdings has a 1-year low of $3.29 and a 1-year high of $5.47.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings results on Tuesday, August 8th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $59.63 million for the quarter, compared to analyst estimates of $58.47 million. DHT Holdings had a positive return on equity of 6.07% and a negative net margin of 12.48%. Analysts anticipate that DHT Holdings will post $0.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, August 22nd. DHT Holdings’s dividend payout ratio (DPR) is presently -72.73%.
About DHT Holdings
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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