DHT Holdings Inc. (DHT) Trading Down 5.9%
DHT Holdings Inc. (NYSE:DHT)’s share price fell 5.9% during mid-day trading on Monday . The stock traded as low as $5.05 and last traded at $5.10, with a volume of 1,573,395 shares traded. The stock had previously closed at $5.42.
Several brokerages have commented on DHT. Jefferies Group reiterated a “buy” rating on shares of DHT Holdings in a report on Monday. Seaport Global Securities reiterated a “buy” rating and issued a $8.50 target price (down from $11.00) on shares of DHT Holdings in a report on Wednesday, May 4th. Zacks Investment Research cut shares of DHT Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Morgan Stanley set a $7.00 target price on shares of DHT Holdings and gave the stock a “buy” rating in a report on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. DHT Holdings has a consensus rating of “Buy” and an average target price of $7.97.
The company has a 50 day moving average of $4.94 and a 200-day moving average of $5.47. The company has a market capitalization of $470.56 million and a price-to-earnings ratio of 4.13.
DHT Holdings (NYSE:DHT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $83.20 million for the quarter, compared to the consensus estimate of $82.44 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities analysts anticipate that DHT Holdings Inc. will post $0.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, August 22nd. This represents a $0.92 annualized dividend and a yield of 18.25%.
A hedge fund recently raised its stake in DHT Holdings stock. New York State Common Retirement Fund boosted its stake in DHT Holdings Inc. (NYSE:DHT) by 198.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,745 shares of the company’s stock after buying an additional 167,945 shares during the period. New York State Common Retirement Fund owned about 0.27% of DHT Holdings worth $2,045,000 at the end of the most recent quarter.
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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