DHT Holdings, Inc. (NYSE:DHT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,555 shares of the shipping company's stock after selling 97,883 shares during the period. Public Employees Retirement System of Ohio's holdings in DHT were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after buying an additional 1,265 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of DHT by 3.2% in the 4th quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company's stock valued at $495,000 after acquiring an additional 1,665 shares during the period. Franklin Resources Inc. raised its position in DHT by 3.4% in the 4th quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock valued at $498,000 after purchasing an additional 1,740 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in DHT by 9.1% during the 4th quarter. EP Wealth Advisors LLC now owns 26,115 shares of the shipping company's stock worth $243,000 after purchasing an additional 2,177 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in DHT by 0.4% during the 4th quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company's stock worth $5,134,000 after purchasing an additional 2,277 shares during the period. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

DHT Stock Performance

NYSE DHT opened at $11.58 on Friday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.33 and a beta of -0.06. The business's 50 day moving average is $10.83 and its two-hundred day moving average is $10.51. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.32. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32.

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

DHT Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date was 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.

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