DHT Holdings Inc (NYSE:DHT) has earned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $5.75.
A number of research analysts recently commented on the company. Stifel Nicolaus set a $5.00 target price on DHT and gave the company a “hold” rating in a research note on Sunday, October 29th. Zacks Investment Research lowered DHT from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Maxim Group set a $7.00 target price on DHT and gave the company a “buy” rating in a research note on Monday, November 27th. Pareto Securities upgraded DHT from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, TheStreet upgraded DHT from a “d+” rating to a “c-” rating in a research note on Monday, November 13th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners bought a new stake in DHT in the fourth quarter valued at $3,245,000. Amerigo Asset Management bought a new stake in DHT in the third quarter valued at $3,345,000. Renaissance Technologies LLC grew its position in DHT by 37.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,958,700 shares of the shipping company’s stock valued at $7,032,000 after acquiring an additional 531,400 shares during the period. State of Wisconsin Investment Board grew its position in DHT by 63.9% in the third quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock valued at $3,587,000 after acquiring an additional 351,300 shares during the period. Finally, State Street Corp grew its position in DHT by 15.7% in the second quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock valued at $9,911,000 after acquiring an additional 323,923 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.
Shares of DHT (NYSE DHT) traded down $0.04 during mid-day trading on Tuesday, hitting $3.85. The stock had a trading volume of 648,960 shares, compared to its average volume of 1,243,465. DHT has a one year low of $3.27 and a one year high of $5.20. The firm has a market capitalization of $548.31, a price-to-earnings ratio of 38.50 and a beta of 0.78. The company has a current ratio of 2.01, a quick ratio of 1.65 and a debt-to-equity ratio of 0.78.
DHT (NYSE:DHT) last issued its earnings results on Tuesday, February 6th. The shipping company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $56.60 million during the quarter, compared to analyst estimates of $55.82 million. DHT had a return on equity of 1.61% and a net margin of 1.86%. DHT’s revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. equities analysts expect that DHT will post -0.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.08%. DHT’s payout ratio is 80.00%.
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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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