Invesco Ltd. Sells 56,661 Shares of DHT Holdings, Inc. (NYSE:DHT)

Invesco Ltd. reduced its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 411,065 shares of the shipping company's stock after selling 56,661 shares during the period. Invesco Ltd. owned approximately 0.25% of DHT worth $3,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of DHT by 13.1% in the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after acquiring an additional 468,281 shares during the last quarter. Geode Capital Management LLC raised its holdings in DHT by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock worth $15,400,000 after purchasing an additional 5,603 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of DHT by 78.7% during the fourth 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. Russell Investments Group Ltd. boosted its position in shares of DHT by 0.4% during the fourth 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 in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of DHT by 1,367.3% in the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after buying an additional 469,528 shares during the period. 58.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on DHT shares. Jefferies Financial Group lifted their target price on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Evercore ISI cut their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.74.

DHT Stock Performance

Shares of DHT stock traded up $0.08 on Friday, hitting $10.79. The company's stock had a trading volume of 164,810 shares, compared to its average volume of 1,875,132. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The company has a market capitalization of $1.74 billion, a PE ratio of 9.63 and a beta of -0.06. The stock's 50 day moving average is $10.40 and its 200-day moving average is $10.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. Equities research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.31%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is currently 60.71%.

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.