DHT Holdings Inc. (DHT) Receives $7.00 Average Price Target from Analysts
Shares of DHT Holdings Inc. (NYSE:DHT) have earned an average rating of “Hold” from the ten research firms that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $7.00.
Several equities analysts have weighed in on the company. Jefferies Group restated a “buy” rating on shares of DHT Holdings in a research note on Monday, August 22nd. Morgan Stanley set a $7.00 target price on DHT Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research upgraded DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Wells Fargo & Co. began coverage on DHT Holdings in a research note on Monday, September 26th. They set a “market perform” rating on the stock. Finally, TheStreet cut DHT Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 19th.
DHT Holdings (NYSE:DHT) opened at 3.93 on Monday. DHT Holdings has a 1-year low of $3.29 and a 1-year high of $8.24. The firm has a market capitalization of $366.93 million, a P/E ratio of 15.35 and a beta of 1.56. The company has a 50 day moving average of $4.06 and a 200 day moving average of $4.75.
DHT Holdings (NYSE:DHT) last issued its quarterly earnings data on Tuesday, November 1st. The company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.85. DHT Holdings had a net margin of 6.84% and a return on equity of 13.75%. The company had revenue of $50.30 million for the quarter, compared to the consensus estimate of $56.73 million. During the same quarter last year, the business posted $0.27 earnings per share. DHT Holdings’s revenue was down 32.7% on a year-over-year basis. On average, equities research analysts anticipate that DHT Holdings will post $0.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 16th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, November 14th. DHT Holdings’s dividend payout ratio (DPR) is currently 57.14%.
A number of large investors have recently made changes to their positions in the company. Cedar Capital LLC purchased a new stake in shares of DHT Holdings during the third quarter valued at $5,155,000. AJO LP raised its position in DHT Holdings by 40.2% in the second quarter. AJO LP now owns 1,886,459 shares of the company’s stock worth $9,489,000 after buying an additional 540,804 shares during the last quarter. Prudential Financial Inc. raised its position in DHT Holdings by 99.6% in the second quarter. Prudential Financial Inc. now owns 1,034,100 shares of the company’s stock worth $5,202,000 after buying an additional 516,100 shares during the last quarter. Kennedy Capital Management Inc. bought a new position in DHT Holdings during the first quarter worth $2,869,000. Finally, Allianz Asset Management AG raised its position in DHT Holdings by 34.2% in the second quarter. Allianz Asset Management AG now owns 1,945,209 shares of the company’s stock worth $9,785,000 after buying an additional 496,095 shares during the last quarter. 64.35% of the stock is owned by institutional investors.
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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