A number of other brokerages also recently commented on DHT. Jefferies Group LLC restated a buy rating and issued a $6.00 price objective on shares of DHT Holdings in a research report on Monday, April 24th. Zacks Investment Research downgraded shares of DHT Holdings from a buy rating to a hold rating in a research report on Friday, April 21st. TheStreet downgraded shares of DHT Holdings from a c rating to a d+ rating in a research report on Monday, May 8th. ValuEngine downgraded shares of DHT Holdings from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus restated a hold rating and issued a $5.25 price objective on shares of DHT Holdings in a research report on Friday, July 7th. One equities research 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’s stock. The stock currently has a consensus rating of Hold and an average price target of $5.70.
Shares of DHT Holdings (DHT) traded up 2.39% during trading on Wednesday, hitting $3.85. The company had a trading volume of 680,166 shares. The stock’s 50-day moving average is $4.11 and its 200 day moving average is $4.44. The firm’s market capitalization is $548.04 million. DHT Holdings has a 52-week low of $3.29 and a 52-week high of $5.20.
DHT Holdings (NYSE:DHT) last announced its quarterly earnings data on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $59.63 million during the quarter, compared to the consensus estimate of $58.47 million. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.07%. Equities research analysts predict that DHT Holdings will post $0.24 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 2.08%. DHT Holdings’s dividend payout ratio (DPR) is presently -72.73%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its position 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 worth $110,000 after buying an additional 260 shares during the period. FNY Partners Fund LP bought a new position in shares of DHT Holdings during the first quarter worth about $111,000. Bank of America Corp DE boosted its position in shares of DHT Holdings by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after buying an additional 12,407 shares during the period. Wellington Management Group LLP bought a new position in shares of DHT Holdings during the first quarter worth about $146,000. Finally, Engineers Gate Manager LP bought a new position in shares of DHT Holdings during the first quarter worth about $148,000. 35.44% of the stock is owned by institutional investors.
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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