DHT Holdings, Inc. (NYSE:DHT) Holdings Trimmed by Deutsche Bank AG

Deutsche Bank AG decreased its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 58.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,287 shares of the shipping company's stock after selling 153,773 shares during the period. Deutsche Bank AG owned about 0.07% of DHT worth $1,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DME Capital Management LP grew its position in DHT by 20.8% during the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock worth $48,735,000 after buying an additional 902,704 shares during the period. Wasatch Advisors LP grew its position in DHT by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 5,077,223 shares of the shipping company's stock worth $47,167,000 after buying an additional 48,037 shares during the period. American Century Companies Inc. grew its position in DHT by 13.1% during the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock worth $37,658,000 after buying an additional 468,281 shares during the period. Geode Capital Management LLC grew its position in DHT by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock worth $15,400,000 after buying an additional 5,603 shares during the period. Finally, Northern Trust Corp grew its position in DHT by 1.7% during the fourth quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock worth $14,107,000 after buying an additional 24,710 shares during the period. Hedge funds and other institutional investors own 58.53% of the company's stock.

Wall Street Analyst Weigh In

DHT has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 price target on shares of DHT in a report on Wednesday, May 7th. Evercore ISI reduced their price target on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Three investment 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 stock. According to MarketBeat, DHT presently has an average rating of "Moderate Buy" and an average target price of $12.94.

DHT Trading Up 1.8%

Shares of DHT traded up $0.21 on Friday, hitting $11.60. 1,306,083 shares of the stock traded hands, compared to its average volume of 1,853,158. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.86 billion, a P/E ratio of 10.36 and a beta of -0.06. The stock's 50 day moving average is $10.76 and its two-hundred day moving average is $10.48. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.32.

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

DHT Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a dividend yield of 5.1%. DHT's dividend payout ratio (DPR) is 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.