DHT Holdings Inc. (DHT) Sees Large Volume Increase
DHT Holdings Inc. (NYSE:DHT) saw an uptick in trading volume on Monday . 2,430,479 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 2,349,651 shares.The stock last traded at $5.38 and had previously closed at $5.14.
A number of brokerages recently weighed in on DHT. Seaport Global Securities reissued a “buy” rating and issued a $8.50 price target (down previously from $11.00) on shares of DHT Holdings in a research note on Wednesday, May 4th. Zacks Investment Research cut DHT Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Morgan Stanley set a $7.00 price target on DHT Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Finally, Jefferies Group reissued a “buy” rating and issued a $6.00 price target on shares of DHT Holdings in a research note on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.97.
The firm has a market capitalization of $499.51 million and a PE ratio of 4.39. The company has a 50 day moving average price of $4.90 and a 200 day moving average price of $5.48.
DHT Holdings (NYSE:DHT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $83.20 million for the quarter, compared to analyst estimates of $82.44 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. Equities research analysts predict that DHT Holdings Inc. will post $1.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 17.20%. The ex-dividend date of this dividend is Monday, August 22nd.
Several institutional investors have recently modified their holdings of the stock. Pacific Alternative Asset Management Company LLC purchased a new position in shares of DHT Holdings during the fourth quarter valued at about $3,719,000. Systematic Financial Management LP purchased a new position in shares of DHT Holdings during the fourth quarter valued at about $3,333,000. New York State Common Retirement Fund raised its position in shares of DHT Holdings by 198.0% in the fourth quarter. New York State Common Retirement Fund now owns 252,745 shares of the company’s stock valued at $2,045,000 after buying an additional 167,945 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of DHT Holdings by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 172,080 shares of the company’s stock valued at $1,392,000 after buying an additional 3,100 shares during the period.
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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