DHT Holdings Inc. (DHT) Sees Strong Trading Volume
DHT Holdings Inc. (NYSE:DHT) saw unusually-strong trading volume on Wednesday . Approximately 3,426,329 shares were traded during trading, an increase of 25% from the previous session’s volume of 2,736,465 shares.The stock last traded at $4.77 and had previously closed at $5.08.
Several research analysts have commented on DHT shares. Zacks Investment Research downgraded DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Jefferies Group restated a “buy” rating on shares of DHT Holdings in a report on Monday. Morgan Stanley set a $7.00 price objective on DHT Holdings and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Seaport Global Securities restated a “buy” rating and set a $8.50 price objective (down from $11.00) on shares of DHT Holdings in a report on Wednesday, May 4th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $7.78.
The company has a market cap of $426.22 million and a price-to-earnings ratio of 3.742. The stock’s 50 day moving average is $4.92 and its 200 day moving average is $5.45.
DHT Holdings (NYSE:DHT) last issued its earnings results 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. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company had revenue of $83.20 million for the quarter, compared to analyst estimates of $82.44 million. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities analysts forecast that DHT Holdings Inc. will post $0.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 20.40%. The ex-dividend date of this dividend is Monday, August 22nd.
An institutional investor recently raised its position in DHT Holdings stock. New York State Common Retirement Fund raised its position in shares of DHT Holdings Inc. (NYSE:DHT) by 198.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting 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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