DHT Holdings, Inc. (NYSE:DHT) Given Consensus Rating of “Moderate Buy” by Analysts

DHT Holdings, Inc. (NYSE:DHT) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $19.3333.

A number of research analysts have recently weighed in on the company. BTIG Research lifted their price objective on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Evercore downgraded shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd.

DHT Price Performance

Shares of DHT stock opened at $17.75 on Monday. The stock has a market cap of $2.86 billion, a P/E ratio of 8.62 and a beta of -0.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. The stock’s fifty day moving average is $17.67 and its 200 day moving average is $16.62. DHT has a one year low of $10.61 and a one year high of $20.55.

DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $157.20 million during the quarter, compared to analyst estimates of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.DHT’s revenue for the quarter was up 134.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 21st were paid a dividend of $0.64 per share. This is a positive change from DHT’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, May 21st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 14.4%. DHT’s dividend payout ratio is presently 124.27%.

Institutional Investors Weigh In On DHT

A number of institutional investors have recently bought and sold shares of DHT. EverSource Wealth Advisors LLC raised its holdings in DHT by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 1,596 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of DHT by 568.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after acquiring an additional 3,022 shares during the period. Western Wealth Management LLC bought a new position in shares of DHT in the first quarter worth about $46,000. Sound Income Strategies LLC purchased a new stake in shares of DHT during the fourth quarter worth about $58,000. Finally, Leonteq Securities AG purchased a new stake in shares of DHT during the fourth quarter worth about $59,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Company Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.