Foundry Partners LLC Sells 10,282 Shares of DHT Holdings, Inc. (NYSE:DHT)

Foundry Partners LLC lessened its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 23.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,433 shares of the shipping company’s stock after selling 10,282 shares during the period. Foundry Partners LLC’s holdings in DHT were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in DHT by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock worth $560,000 after buying an additional 1,172 shares during the last quarter. ProShare Advisors LLC increased its holdings in DHT by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company’s stock valued at $280,000 after purchasing an additional 1,640 shares in the last quarter. MQS Management LLC raised its position in DHT by 7.3% in the 2nd quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock valued at $283,000 after purchasing an additional 1,662 shares during the last quarter. Nisa Investment Advisors LLC raised its position in DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Pinion Investment Advisors LLC boosted its stake in DHT by 6.3% in the second quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company’s stock worth $540,000 after purchasing an additional 2,773 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analysts Set New Price Targets

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

DHT Trading Up 0.7 %

DHT opened at $10.23 on Friday. DHT Holdings, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $12.80. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 10.23 and a beta of -0.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The firm has a 50 day simple moving average of $10.92 and a 200 day simple moving average of $11.24.

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

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date is Friday, November 22nd. DHT’s dividend payout ratio (DPR) is currently 108.00%.

DHT Profile

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.