Ameriprise Financial Inc. Purchases 109,376 Shares of DHT Holdings, Inc. (NYSE:DHT)

Ameriprise Financial Inc. lifted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 33.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 438,930 shares of the shipping company's stock after buying an additional 109,376 shares during the period. Ameriprise Financial Inc. owned about 0.27% of DHT worth $4,078,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in DHT by 1,367.3% in the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after purchasing an additional 469,528 shares in the last quarter. American Century Companies Inc. increased its holdings in DHT by 13.1% in the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock worth $37,658,000 after purchasing an additional 468,281 shares in the last quarter. Raymond James Financial Inc. acquired a new position in DHT in the 4th quarter worth about $4,148,000. Arrowstreet Capital Limited Partnership increased its holdings in DHT by 78.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock worth $6,906,000 after purchasing an additional 327,442 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in DHT in the 4th quarter worth about $2,835,000. Institutional investors and hedge funds own 58.53% of the company's stock.

Analysts Set New Price Targets

DHT has been the subject of several recent research reports. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 price target on shares of DHT in a research note on Wednesday, May 7th. Evercore ISI decreased their price target on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $12.94.

DHT Trading Down 3.7%

Shares of DHT stock traded down $0.44 on Wednesday, hitting $11.32. 1,661,192 shares of the company's stock traded hands, compared to its average volume of 1,853,900. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The company has a fifty day moving average of $10.72 and a two-hundred day moving average of $10.46. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.11 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $79.34 million for the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The firm's revenue for the quarter was down 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, sell-side analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd will be issued a $0.15 dividend. The ex-dividend date is Wednesday, May 21st. This represents a yield of 5.1%. DHT's payout ratio is currently 54.55%.

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.