Raymond James Trust N.A. Makes New $159,000 Investment in DHT Holdings, Inc. (NYSE:DHT)

Raymond James Trust N.A. acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,417 shares of the shipping company’s stock, valued at approximately $159,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of DHT by 15.2% during the first quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company’s stock worth $11,478,000 after purchasing an additional 132,039 shares during the period. Lazard Asset Management LLC raised its holdings in DHT by 79.6% during the first quarter. Lazard Asset Management LLC now owns 12,522 shares of the shipping company’s stock worth $144,000 after buying an additional 5,549 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of DHT by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,082 shares of the shipping company’s stock valued at $450,000 after buying an additional 4,836 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of DHT by 18.4% during the first quarter. Tidal Investments LLC now owns 75,490 shares of the shipping company’s stock valued at $868,000 after buying an additional 11,728 shares during the last quarter. Finally, Boston Partners increased its position in shares of DHT by 74.6% during the first quarter. Boston Partners now owns 163,512 shares of the shipping company’s stock worth $1,880,000 after acquiring an additional 69,838 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

DHT Stock Down 1.3 %

Shares of NYSE:DHT opened at $9.63 on Friday. The company has a market capitalization of $1.55 billion, a PE ratio of 9.64 and a beta of -0.36. DHT Holdings, Inc. has a 1 year low of $9.28 and a 1 year high of $12.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The business has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $11.18.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. Analysts forecast that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be paid a $0.22 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 9.14%. DHT’s payout ratio is 88.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DHT shares. Jefferies Financial Group reiterated a “buy” rating and set a $14.00 price target on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus cut their target price on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Fearnley Fonds raised DHT to a “strong-buy” rating in a research report on Friday, September 27th. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, BTIG Research began coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.50.

About DHT

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.