DHT Holdings, Inc. (NYSE:DHT) Trading Up 5.9% After Dividend Announcement
DHT Holdings, Inc. (NYSE:DHT) was up 5.9% during trading on Thursday after the company announced a dividend. The company traded as high as $4.09 and last traded at $3.97, with a volume of 1,582,012 shares. The stock had previously closed at $3.75.
The newly announced dividend which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 2.02%. DHT Holdings’s dividend payout ratio is currently -72.73%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, April 19th. Maxim Group raised their target price on DHT Holdings from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Friday, April 21st. Jefferies Group LLC restated a “buy” rating and issued a $6.00 target price on shares of DHT Holdings in a research report on Monday, April 24th. TheStreet downgraded DHT Holdings from a “c” rating to a “d+” rating in a research report on Monday, May 8th. Finally, ValuEngine downgraded DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. DHT Holdings currently has an average rating of “Hold” and an average price target of $5.70.
The stock’s market cap is $470.77 million. The firm’s 50-day moving average is $4.15 and its 200-day moving average is $4.47.
DHT Holdings (NYSE:DHT) last announced its quarterly earnings results on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The business had revenue of $59.63 million for the quarter, compared to analyst estimates of $58.47 million. DHT Holdings had a positive return on equity of 6.65% and a negative net margin of 12.48%. Analysts expect that DHT Holdings, Inc. will post $0.21 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after buying an additional 260 shares during the period. SG Americas Securities LLC raised its stake in shares of DHT Holdings by 4.0% in the first quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock valued at $159,000 after buying an additional 1,360 shares during the period. American International Group Inc. raised its stake in shares of DHT Holdings by 7.1% in the first quarter. American International Group Inc. now owns 56,537 shares of the shipping company’s stock valued at $253,000 after buying an additional 3,744 shares during the period. Sterneck Capital Management LLC raised its stake in shares of DHT Holdings by 3.9% in the first quarter. Sterneck Capital Management LLC now owns 220,250 shares of the shipping company’s stock valued at $985,000 after buying an additional 8,313 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of DHT Holdings by 7.9% in the fourth quarter. Teachers Advisors LLC now owns 153,834 shares of the shipping company’s stock valued at $637,000 after buying an additional 11,223 shares during the period. 53.11% of the stock is currently owned by institutional investors and hedge funds.
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DHT Holdings Company Profile
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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