DHT Holdings Inc. (NYSE:DHT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities. “
Other analysts have also recently issued reports about the company. Pareto Securities raised DHT Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. Jefferies Group reissued 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 DHT Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 10th. TheStreet cut DHT Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Finally, Wells Fargo & Co. started coverage on shares of DHT Holdings in a research note on Monday, September 26th. They set a “market perform” rating for the company. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. DHT Holdings presently has a consensus rating of “Hold” and a consensus price target of $6.71.
DHT Holdings (NYSE:DHT) traded up 0.78% during trading on Monday, hitting $3.87. 1,719,891 shares of the stock were exchanged. The firm’s 50 day moving average price is $3.99 and its 200-day moving average price is $4.64. DHT Holdings has a 1-year low of $3.29 and a 1-year high of $8.24. The stock has a market cap of $361.33 million, a price-to-earnings ratio of 15.12 and a beta of 1.56.
DHT Holdings (NYSE:DHT) last posted its earnings results on Tuesday, November 1st. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.85. DHT Holdings had a return on equity of 13.75% and a net margin of 6.84%. The business had revenue of $50.30 million for the quarter, compared to the consensus estimate of $56.73 million. During the same period in the previous year, the company posted $0.27 earnings per share. DHT Holdings’s revenue for the quarter was down 32.7% compared to the same quarter last year. On average, analysts anticipate that DHT Holdings will post $0.85 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 16th were paid a $0.02 dividend. The ex-dividend date was Monday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 2.07%. DHT Holdings’s dividend payout ratio is presently 57.14%.
Several institutional investors have recently added to or reduced their stakes in DHT. BlackRock Advisors LLC boosted its position in DHT Holdings by 21.2% in the fourth quarter. BlackRock Advisors LLC now owns 438,947 shares of the company’s stock valued at $3,551,000 after buying an additional 76,697 shares in the last quarter. RR Advisors LLC purchased a new position in DHT Holdings during the fourth quarter valued at $5,663,000. Oxford Asset Management boosted its position in DHT Holdings by 1,170.2% in the fourth quarter. Oxford Asset Management now owns 906,085 shares of the company’s stock valued at $7,345,000 after buying an additional 834,749 shares in the last quarter. J. Goldman & Co LP purchased a new position in DHT Holdings during the fourth quarter valued at $2,122,000. Finally, LSV Asset Management boosted its position in DHT Holdings by 93.8% in the fourth quarter. LSV Asset Management now owns 5,905,497 shares of the company’s stock valued at $47,775,000 after buying an additional 2,858,107 shares in the last quarter. 56.89% of the stock is owned by institutional investors and hedge funds.
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.