DHT Holdings Inc (DHT) Receives Consensus Recommendation of “Hold” from Analysts
DHT Holdings Inc (NYSE:DHT) has earned an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.75.
DHT has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of DHT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. ValuEngine downgraded shares of DHT from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Jefferies Group initiated coverage on shares of DHT in a research report on Monday, December 18th. They set a “buy” rating and a $6.00 price objective for the company. Maxim Group set a $7.00 price objective on shares of DHT and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, Morgan Stanley upgraded shares of DHT from an “equal weight” rating to an “overweight” rating and set a $5.00 price objective for the company in a research report on Monday.
A number of hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC raised its position in DHT by 16.8% in the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 6,737 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in DHT by 11.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock valued at $293,000 after purchasing an additional 7,388 shares during the last quarter. California Public Employees Retirement System raised its position in DHT by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 691,858 shares of the shipping company’s stock valued at $2,871,000 after purchasing an additional 15,000 shares during the last quarter. Prudential Financial Inc. raised its position in DHT by 1.7% in the 3rd quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock valued at $3,903,000 after purchasing an additional 15,950 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in DHT in the 4th quarter valued at $143,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.
DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $56.60 million during the quarter, compared to the consensus estimate of $55.82 million. DHT had a net margin of 1.86% and a return on equity of 1.61%. The company’s revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. equities research analysts expect that DHT will post -0.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be given a $0.02 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.08 annualized dividend and a yield of 2.10%. DHT’s dividend payout ratio (DPR) is 100.00%.
DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCCs) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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