Brokerages Set DHT Holdings, Inc. (DHT) Price Target at $5.88
Shares of DHT Holdings, Inc. (NYSE:DHT) have been given an average recommendation of “Hold” by the ten brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.88.
A number of analysts recently issued reports on DHT shares. Maxim Group set a $7.00 target price on DHT Holdings and gave the company a “buy” rating in a research report on Thursday, April 27th. TheStreet cut DHT Holdings from a “c” rating to a “d+” rating in a research report on Monday, May 8th. ValuEngine cut DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $5.25 target price on shares of DHT Holdings in a research report on Friday, July 7th.
Shares of DHT Holdings (NYSE:DHT) traded up 1.29% during trading on Tuesday, reaching $3.93. The company’s stock had a trading volume of 294,653 shares. The stock’s market capitalization is $559.42 million. DHT Holdings has a 12-month low of $3.29 and a 12-month high of $5.20. The firm’s 50-day moving average is $4.07 and its 200-day moving average is $4.41.
DHT Holdings (NYSE:DHT) last announced its earnings results on Tuesday, August 8th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $59.63 million during the quarter, compared to analysts’ expectations of $58.47 million. DHT Holdings had a positive return on equity of 6.07% and a negative net margin of 12.48%. Equities analysts expect that DHT Holdings will post $0.24 earnings per share for the current year.
The business also recently disclosed a quarterly 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 2.06%. DHT Holdings’s payout ratio is -18.18%.
A number of hedge funds have recently bought and sold shares of the company. Canyon Capital Advisors LLC bought a new stake in DHT Holdings during the first quarter worth $7,620,000. Alliancebernstein L.P. boosted its stake in DHT Holdings by 525.0% in the first quarter. Alliancebernstein L.P. now owns 773,780 shares of the shipping company’s stock worth $3,459,000 after buying an additional 649,980 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in DHT Holdings during the second quarter worth $2,283,000. Marshall Wace North America L.P. bought a new stake in DHT Holdings during the second quarter worth $1,996,000. Finally, Numeric Investors LLC bought a new stake in DHT Holdings during the second quarter worth $1,874,000. 35.44% of the stock is owned by institutional investors.
About DHT Holdings
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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