DHT Holdings, Inc. (DHT) Downgraded by ValuEngine
ValuEngine cut shares of DHT Holdings, Inc. (NYSE:DHT) from a buy rating to a hold rating in a report published on Friday morning.
DHT has been the topic of a number of other research reports. BidaskClub downgraded shares of DHT Holdings from a sell rating to a strong sell rating in a report on Friday, August 11th. Zacks Investment Research downgraded shares of DHT Holdings from a buy rating to a hold rating in a report on Monday, June 26th. TheStreet cut shares of DHT Holdings from a c rating to a d+ rating in a research note on Monday, May 8th. Stifel Nicolaus restated a hold rating and set a $5.25 target price on shares of DHT Holdings in a research note on Friday, July 7th. Finally, Maxim Group set a $7.00 target price on shares of DHT Holdings and gave the stock a buy rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. DHT Holdings currently has a consensus rating of Hold and an average target price of $5.75.
Shares of DHT Holdings (NYSE:DHT) opened at 3.77 on Friday. The company’s market cap is $536.65 million. DHT Holdings has a 52-week low of $3.29 and a 52-week high of $5.20. The stock has a 50 day moving average of $3.98 and a 200 day moving average of $4.36.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 8th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $59.63 million for the quarter, compared to the consensus estimate of $58.47 million. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.07%. On average, equities research analysts expect that DHT Holdings will post $0.24 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, August 22nd. DHT Holdings’s payout ratio is -18.18%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd raised its stake in DHT Holdings by 11.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock worth $293,000 after acquiring an additional 7,388 shares during the period. Caxton Associates LP raised its stake in DHT Holdings by 25.0% during the 2nd quarter. Caxton Associates LP now owns 250,000 shares of the shipping company’s stock worth $1,038,000 after acquiring an additional 50,000 shares during the period. State Street Corp raised its stake in DHT Holdings by 15.7% during the 2nd quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock worth $9,911,000 after acquiring an additional 323,923 shares during the period. Williams Jones & Associates LLC raised its stake in DHT Holdings by 81.9% during the 2nd quarter. Williams Jones & Associates LLC now owns 379,773 shares of the shipping company’s stock worth $1,576,000 after acquiring an additional 171,030 shares during the period. Finally, Numeric Investors LLC bought a new stake in DHT Holdings during the 2nd quarter worth approximately $1,874,000. Institutional investors own 33.87% of the company’s stock.
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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