DHT Holdings, Inc. (NYSE:DHT) has earned an average rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.59.
Several equities analysts have weighed in on the company. HC Wainwright upgraded DHT from a “neutral” rating to a “buy” rating and raised their price target for the company from $7.50 to $8.00 in a report on Wednesday, August 11th. Zacks Investment Research upgraded DHT from a “sell” rating to a “hold” rating in a report on Wednesday, July 7th. Kepler Capital Markets restated a “buy” rating and set a $8.50 price target on shares of DHT in a report on Sunday, August 15th. TheStreet upgraded DHT from a “c+” rating to a “b-” rating in a report on Friday, May 21st. Finally, Evercore ISI upgraded DHT from an “in-line” rating to an “outperform” rating in a report on Tuesday, May 25th.
Shares of NYSE:DHT traded up $0.13 during trading on Friday, hitting $5.80. 2,738,190 shares of the company’s stock were exchanged, compared to its average volume of 2,482,218. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.87 and a quick ratio of 2.37. DHT has a 52-week low of $4.52 and a 52-week high of $6.84. The business’s 50-day simple moving average is $5.68 and its 200 day simple moving average is $5.98. The company has a market cap of $990.63 million, a price-to-earnings ratio of 13.69 and a beta of -0.24.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 26th. Stockholders of record on Thursday, August 19th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, August 18th. DHT’s payout ratio is 4.60%.
Several hedge funds have recently modified their holdings of DHT. FMR LLC bought a new stake in shares of DHT during the 1st quarter worth approximately $821,000. Meeder Asset Management Inc. bought a new stake in shares of DHT during the 1st quarter worth approximately $40,000. The Manufacturers Life Insurance Company lifted its stake in shares of DHT by 4.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 123,267 shares of the shipping company’s stock worth $731,000 after acquiring an additional 5,622 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of DHT by 22.1% during the 1st quarter. Victory Capital Management Inc. now owns 125,607 shares of the shipping company’s stock worth $745,000 after acquiring an additional 22,713 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in DHT by 54.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 174,420 shares of the shipping company’s stock valued at $1,034,000 after purchasing an additional 61,640 shares in the last quarter. 55.79% of the stock is owned by hedge funds and other institutional investors.
DHT Holdings, Inc engages in the operation of a fleet of crude oil tankers. It operates through its integrated management companies in Monaco, Singapore, and Oslo, Norway. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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