Healthcare of Ontario Pension Plan Trust Fund Buys 1,063,134 Shares of DHT Holdings, Inc. $DHT

Healthcare of Ontario Pension Plan Trust Fund raised its position in DHT Holdings, Inc. (NYSE:DHT) by 1,072.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,162,300 shares of the shipping company’s stock after purchasing an additional 1,063,134 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in DHT were worth $21,235,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DHT. EverSource Wealth Advisors LLC boosted its position in shares of DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after purchasing an additional 1,596 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in DHT by 568.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after purchasing an additional 3,022 shares during the period. Sound Income Strategies LLC bought a new stake in DHT in the fourth quarter worth approximately $58,000. Leonteq Securities AG bought a new stake in DHT in the fourth quarter worth approximately $59,000. Finally, Sunbelt Securities Inc. acquired a new position in DHT in the third quarter valued at approximately $60,000. 58.53% of the stock is owned by institutional investors.

DHT Stock Performance

NYSE:DHT opened at $18.46 on Monday. The company has a market capitalization of $2.97 billion, a P/E ratio of 8.96 and a beta of -0.11. The business has a fifty day simple moving average of $17.57 and a two-hundred day simple moving average of $17.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. DHT Holdings, Inc. has a 1 year low of $10.69 and a 1 year high of $20.55.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. DHT had a net margin of 58.54% and a return on equity of 27.54%. The company had revenue of $157.20 million during the quarter, compared to the consensus estimate of $152.15 million. During the same period last year, the firm earned $0.27 EPS. DHT’s revenue for the quarter was up 134.9% on a year-over-year basis.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were given a dividend of $0.64 per share. The ex-dividend date was Thursday, May 21st. This is an increase from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 dividend on an annualized basis and a yield of 13.9%. DHT’s dividend payout ratio (DPR) is 124.27%.

Wall Street Analysts Forecast Growth

DHT has been the subject of a number of research reports. BTIG Research raised their price target on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Evercore cut shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective on the stock. in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded DHT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

DHT Company Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.