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

Shares of DHT Holdings, Inc. (NYSE:DHT) have been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.6667.

Several research firms recently commented on DHT. Wall Street Zen lowered shares of DHT from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. BTIG Research restated a “buy” rating and set a $16.00 target price on shares of DHT in a research report on Thursday, October 30th. Jefferies Financial Group restated a “buy” rating and issued a $16.00 price target on shares of DHT in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their price objective on DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th.

Institutional Trading of DHT

Several institutional investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. acquired a new position in shares of DHT during the 3rd quarter worth about $162,000. Sunbelt Securities Inc. purchased a new stake in DHT during the 3rd quarter worth approximately $60,000. Dark Forest Capital Management LP acquired a new position in shares of DHT during the third quarter valued at approximately $1,160,000. PharVision Advisers LLC lifted its position in shares of DHT by 46.2% in the third quarter. PharVision Advisers LLC now owns 24,588 shares of the shipping company’s stock valued at $294,000 after acquiring an additional 7,771 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of DHT in the third quarter worth approximately $913,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Up 0.1%

DHT stock opened at $12.11 on Thursday. The business’s 50-day moving average price is $12.85 and its 200 day moving average price is $12.02. The company has a quick ratio of 2.02, a current ratio of 2.41 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 9.77 and a beta of -0.08. DHT has a 52 week low of $8.99 and a 52 week high of $13.85.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. The business had revenue of $107.35 million for the quarter, compared to analyst estimates of $78.83 million. DHT had a return on equity of 17.05% and a net margin of 41.17%.The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. As a group, sell-side analysts anticipate that DHT will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Wednesday, November 12th. DHT’s payout ratio is presently 58.06%.

About DHT

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.