Equities research analysts at Wells Fargo & Co. began coverage on shares of DHT Holdings Inc. (NYSE:DHT) in a report released on Monday. The firm set a “market perform” rating on the stock.
Other research analysts have also issued reports about the stock. Jefferies Group reaffirmed a “buy” rating on shares of DHT Holdings in a research note on Monday, August 22nd. Morgan Stanley set a $7.00 target price on shares of DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 10th. TheStreet lowered shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Finally, Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. DHT Holdings currently has a consensus rating of “Hold” and a consensus price target of $7.78.
Shares of DHT Holdings (NYSE:DHT) opened at 4.13 on Monday. DHT Holdings has a 1-year low of $4.02 and a 1-year high of $8.52. The firm’s 50-day moving average is $4.56 and its 200-day moving average is $5.19. The company has a market capitalization of $385.60 million, a price-to-earnings ratio of 3.39 and a beta of 1.27.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company earned $83.20 million during the quarter, compared to analyst estimates of $82.44 million. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. DHT Holdings’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Analysts forecast that DHT Holdings will post $0.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 22.28%. The ex-dividend date was Monday, August 22nd. DHT Holdings’s dividend payout ratio (DPR) is presently 75.41%.
Hedge funds have recently added to or reduced their stakes in the company. WealthTrust Axiom LLC acquired a new stake in DHT Holdings during the second quarter worth $102,000. Bowling Portfolio Management LLC acquired a new stake in DHT Holdings during the first quarter worth $119,000. Acrospire Investment Management LLC acquired a new stake in DHT Holdings during the first quarter worth $254,000. InterOcean Capital LLC raised its stake in DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock worth $276,000 after buying an additional 1,150 shares during the period. Finally, Zacks Investment Management acquired a new stake in DHT Holdings during the second quarter worth $277,000. 67.66% of the stock is owned by institutional investors.
About DHT Holdings
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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