DHT Holdings, Inc. (DHT) Receives Consensus Recommendation of “Hold” from Analysts
Shares of DHT Holdings, Inc. (NYSE:DHT) have been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $6.00.
A number of analysts recently issued reports on DHT shares. ValuEngine downgraded DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $5.25 target price on shares of DHT Holdings in a research report on Friday, July 7th. BidaskClub downgraded DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Maxim Group set a $7.00 target price on DHT Holdings and gave the company a “buy” rating in a research report on Thursday, August 3rd.
Shares of DHT Holdings (DHT) traded down 1.28% during midday trading on Friday, hitting $3.87. The stock had a trading volume of 1,158,617 shares. The firm’s 50-day moving average price is $3.89 and its 200-day moving average price is $4.30. The firm’s market capitalization is $550.88 million. DHT Holdings has a one year low of $3.29 and a one year high of $5.20.
DHT Holdings (NYSE:DHT) last posted its earnings results on Tuesday, August 8th. The shipping company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm 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 6.07% and a negative net margin of 12.48%. On average, equities analysts predict that DHT Holdings will post $0.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 2.07%. DHT Holdings’s payout ratio is currently -18.18%.
Several hedge funds have recently added to or reduced their stakes in DHT. Legal & General Group Plc boosted its position in shares of DHT Holdings by 1.1% during the 1st quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock worth $110,000 after purchasing an additional 260 shares in the last quarter. FNY Partners Fund LP bought a new position in DHT Holdings in the 1st quarter valued at about $111,000. Bank of America Corp DE lifted its position in DHT Holdings by 87.1% in the 1st quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock valued at $119,000 after acquiring an additional 12,407 shares in the last quarter. Wellington Management Group LLP bought a new position in DHT Holdings in the 1st quarter valued at about $146,000. Finally, Engineers Gate Manager LP bought a new position in DHT Holdings in the 1st quarter valued at about $148,000. 33.87% of the stock is currently 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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