DHT (NYSE:DHT) Stock Passes Above 200-Day Moving Average of $11.28

Shares of DHT Holdings, Inc. (NYSE:DHTGet Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.28 and traded as high as $11.35. DHT shares last traded at $10.98, with a volume of 3,465,149 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DHT shares. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 target price on shares of DHT in a research note on Wednesday, May 15th. Jefferies Financial Group raised DHT from a “hold” rating to a “buy” rating and boosted their target price for the company from $11.00 to $14.00 in a research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.33.

Get Our Latest Stock Analysis on DHT

DHT Stock Performance

The company has a market cap of $1.77 billion, a PE ratio of 10.46 and a beta of -0.35. The company has a current ratio of 3.30, a quick ratio of 2.69 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $11.81 and a 200-day moving average of $11.28.

DHT (NYSE:DHTGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). DHT had a net margin of 29.58% and a return on equity of 16.34%. The business had revenue of $106.30 million for the quarter, compared to analysts’ expectations of $106.87 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts anticipate that DHT Holdings, Inc. will post 1.49 earnings per share for the current fiscal year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 24th were issued a dividend of $0.29 per share. This is an increase from DHT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.56%. DHT’s dividend payout ratio is 110.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of DHT in the 1st quarter worth approximately $51,000. McIlrath & Eck LLC bought a new stake in shares of DHT in the 3rd quarter worth approximately $52,000. National Bank of Canada FI boosted its position in shares of DHT by 150.0% in the 4th quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company’s stock worth $50,000 after purchasing an additional 3,000 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of DHT in the 4th quarter worth approximately $98,000. Finally, Granite Bay Wealth Management LLC bought a new position in DHT in the 4th quarter valued at approximately $111,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

About DHT

(Get Free Report)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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