DHT Holdings Inc. (DHT) Sets New 52-Week Low at $4.42
DHT Holdings Inc. (NYSE:DHT) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.42 and last traded at $4.53, with a volume of 2,831,269 shares trading hands. The stock had previously closed at $4.72.
A number of research analysts have issued reports on the company. Morgan Stanley cut DHT Holdings from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $7.00 to $5.50 in a research note on Thursday. Jefferies Group reiterated a “buy” rating on shares of DHT Holdings in a research note on Monday. Zacks Investment Research upgraded DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $8.50 price objective (down previously from $11.00) on shares of DHT Holdings in a research note on Wednesday, May 4th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. DHT Holdings currently has a consensus rating of “Buy” and an average target price of $7.78.
The firm has a 50-day moving average of $4.93 and a 200-day moving average of $5.45. The firm has a market capitalization of $422.01 million and a PE ratio of 3.70.
DHT Holdings (NYSE:DHT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. During the same period last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities analysts expect that DHT Holdings Inc. will post $0.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th will be paid a $0.23 dividend. The ex-dividend date is Monday, August 22nd. This represents a $0.92 annualized dividend and a yield of 19.49%.
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 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 approximately 0.27% of DHT Holdings worth $2,045,000 as of its most recent SEC filing.
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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