Healthcare of Ontario Pension Plan Trust Fund Buys New Stake in DHT Holdings, Inc. (NYSE:DHT)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in DHT Holdings, Inc. (NYSE:DHT) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 33,900 shares of the shipping company’s stock, valued at approximately $374,000.

A number of other large investors have also made changes to their positions in the business. Quarry LP grew its stake in DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after buying an additional 3,717 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of DHT during the second quarter worth about $78,000. Nisa Investment Advisors LLC grew its stake in shares of DHT by 52.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after acquiring an additional 2,361 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of DHT during the second quarter valued at about $80,000. Finally, Blue Trust Inc. raised its position in shares of DHT by 41,626.3% in the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after purchasing an additional 7,909 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

DHT Stock Performance

NYSE DHT opened at $9.38 on Tuesday. The firm has a market capitalization of $1.51 billion, a P/E ratio of 9.38 and a beta of -0.36. The stock has a 50-day simple moving average of $10.73 and a two-hundred day simple moving average of $11.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. DHT Holdings, Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $12.80.

DHT (NYSE:DHT) last announced its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to analysts’ expectations of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. DHT’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $0.19 earnings per share. On average, equities analysts forecast that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 9.38%. DHT’s dividend payout ratio is presently 88.00%.

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.