Shares of DHT Holdings, Inc. (NYSE:DHT – Get Rating) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $7.83.
Several equities research analysts have commented on DHT shares. Zacks Investment Research lowered shares of DHT from a “hold” rating to a “sell” rating in a research note on Wednesday. StockNews.com lowered shares of DHT from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Jefferies Financial Group began coverage on shares of DHT in a research note on Wednesday. They issued a “buy” rating for the company.
Institutional investors have recently added to or reduced their stakes in the company. Dean Investment Associates LLC boosted its holdings in DHT by 15.7% in the 3rd quarter. Dean Investment Associates LLC now owns 444,639 shares of the shipping company’s stock worth $2,903,000 after buying an additional 60,270 shares during the period. VR Advisory Services Ltd bought a new position in DHT in the 3rd quarter worth approximately $1,260,000. Marshall Wace LLP boosted its holdings in DHT by 831.3% in the 3rd quarter. Marshall Wace LLP now owns 841,171 shares of the shipping company’s stock worth $5,493,000 after buying an additional 750,848 shares during the period. Verition Fund Management LLC bought a new position in DHT in the 3rd quarter worth approximately $78,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in DHT by 47.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 332,799 shares of the shipping company’s stock valued at $2,173,000 after purchasing an additional 107,271 shares during the period. 56.97% of the stock is owned by hedge funds and other institutional investors.
DHT (NYSE:DHT – Get Rating) last posted its quarterly earnings data on Monday, February 7th. The shipping company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The firm had revenue of $49.30 million during the quarter, compared to analyst estimates of $45.83 million. DHT had a negative net margin of 3.89% and a negative return on equity of 3.66%. The company’s revenue for the quarter was down 36.6% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. As a group, equities analysts anticipate that DHT will post 0.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 24th. Stockholders of record on Thursday, February 17th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, February 16th. DHT’s dividend payout ratio is currently -100.00%.
About DHT (Get Rating)
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
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