Shares of DHT Holdings Inc (NYSE:DHT) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.75.
A number of research analysts recently weighed in on DHT shares. Jefferies Group restated a “buy” rating on shares of DHT in a report on Thursday, October 19th. Morgan Stanley upgraded shares of DHT from an “equal weight” rating to an “overweight” rating and set a $5.00 price objective for the company in a report on Monday. Maxim Group set a $7.00 price objective on shares of DHT and gave the company a “buy” rating in a report on Tuesday, November 14th. Stifel Nicolaus set a $5.00 price objective on shares of DHT and gave the company a “hold” rating in a report on Sunday, October 29th. Finally, Zacks Investment Research cut shares of DHT from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th.
A number of institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC lifted its stake in DHT by 16.8% in the second quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock worth $194,000 after acquiring an additional 6,737 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in DHT by 11.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock worth $293,000 after acquiring an additional 7,388 shares during the last quarter. California Public Employees Retirement System lifted its stake in DHT by 2.2% in the second quarter. California Public Employees Retirement System now owns 691,858 shares of the shipping company’s stock worth $2,871,000 after acquiring an additional 15,000 shares during the last quarter. Prudential Financial Inc. lifted its stake in DHT by 1.7% in the third quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock worth $3,903,000 after acquiring an additional 15,950 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in DHT in the fourth quarter worth approximately $143,000. Institutional investors own 35.85% of the company’s stock.
DHT (NYSE:DHT) last announced its quarterly earnings data on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $56.60 million during the quarter, compared to analysts’ expectations of $55.82 million. DHT had a net margin of 1.86% and a return on equity of 1.61%. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. equities analysts forecast that DHT will post -0.17 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, February 16th. DHT’s dividend payout ratio (DPR) is currently 100.00%.
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DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCCs) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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