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

Invesco Ltd. reduced its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 411,065 shares of the shipping company's stock after selling 56,661 shares during the quarter. Invesco Ltd. owned about 0.25% of DHT worth $3,819,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake 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 during the period. Wells Fargo & Company MN grew its stake in shares of DHT by 43.6% in the fourth quarter. Wells Fargo & Company MN now owns 100,829 shares of the shipping company's stock valued at $937,000 after acquiring an additional 30,600 shares in the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 5,603 shares during the period. Diametric Capital LP acquired a new stake in DHT in the 4th quarter worth about $305,000. Finally, Franklin Resources Inc. boosted its holdings 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 period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHT has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price target on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Evercore ISI dropped their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating for the company 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.74.

DHT Trading Up 1.4 %

Shares of DHT opened at $10.59 on Monday. 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 Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 9.46 and a beta of -0.06. The business's fifty day moving average is $10.42 and its 200-day moving average is $10.37.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping 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 analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.42%. DHT's dividend payout ratio is currently 60.71%.

DHT Company 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.

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