DHT Holdings Inc. (DHT) Lowered to Hold at TheStreet
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of DHT Holdings from a sell rating to a hold rating in a research note on Wednesday, August 10th. Morgan Stanley set a $7.00 target price on shares of DHT Holdings and gave the company a buy rating in a research note on Wednesday, August 10th. Finally, Jefferies Group reaffirmed a buy rating on shares of DHT Holdings in a research note on Monday, August 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $7.78.
DHT Holdings (NYSE:DHT) traded down 2.38% during midday trading on Monday, hitting $4.11. 1,188,211 shares of the company were exchanged. DHT Holdings has a 1-year low of $4.02 and a 1-year high of $8.52. The stock has a market capitalization of $383.73 million, a price-to-earnings ratio of 3.37 and a beta of 1.27. The stock has a 50 day moving average of $4.65 and a 200-day moving average of $5.27.
DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. The company earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. During the same period in the prior year, the firm earned $0.24 earnings per share. DHT Holdings’s revenue was up 22.2% on a year-over-year basis. Equities analysts expect that DHT Holdings will post $0.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 22.38%. The ex-dividend date was Monday, August 22nd. DHT Holdings’s dividend payout ratio is currently 75.41%.
Large investors have recently modified their holdings of the company. Glendon Capital Management LP bought a new stake in shares of DHT Holdings during the second quarter valued at about $567,000. AJO LP boosted its position in shares of DHT Holdings by 40.2% in the second quarter. AJO LP now owns 1,886,459 shares of the company’s stock valued at $9,489,000 after buying an additional 540,804 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of DHT Holdings by 99.6% in the second quarter. Prudential Financial Inc. now owns 1,034,100 shares of the company’s stock valued at $5,202,000 after buying an additional 516,100 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of DHT Holdings during the first quarter valued at $2,869,000. Finally, Allianz Asset Management AG boosted its position in shares of DHT Holdings by 34.2% in the second quarter. Allianz Asset Management AG now owns 1,945,209 shares of the company’s stock valued at $9,785,000 after buying an additional 496,095 shares in the last quarter. Institutional investors own 67.72% of the company’s stock.
DHT Holdings Company Profile
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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