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

DHT Holdings, Inc. (NYSE:DHT) has received an average rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.3333.

Several research analysts have commented on DHT shares. BTIG Research boosted their price target on shares of DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 target price on shares of DHT in a report on Thursday, October 30th. Wall Street Zen downgraded DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Evercore upped their price objective on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th.

DHT Price Performance

DHT stock opened at $15.45 on Friday. The business’s 50-day moving average is $13.18 and its two-hundred day moving average is $12.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47. The firm has a market capitalization of $2.48 billion, a P/E ratio of 11.79 and a beta of -0.07. DHT has a 1 year low of $8.99 and a 1 year high of $15.93.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $117.80 million during the quarter, compared to the consensus estimate of $116.96 million. DHT had a return on equity of 17.70% and a net margin of 42.35%.The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Analysts anticipate that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be paid a $0.41 dividend. This is an increase from DHT’s previous quarterly dividend of $0.18. This represents a $1.64 annualized dividend and a yield of 10.6%. The ex-dividend date is Thursday, February 19th. DHT’s payout ratio is currently 54.96%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. MetLife Investment Management LLC grew its position in shares of DHT by 1.4% in the 4th quarter. MetLife Investment Management LLC now owns 72,883 shares of the shipping company’s stock valued at $890,000 after buying an additional 994 shares during the last quarter. Harbour Investments Inc. boosted its stake in DHT by 16.0% in the fourth quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock valued at $88,000 after acquiring an additional 1,000 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of DHT by 0.6% during the second quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock worth $1,918,000 after purchasing an additional 1,114 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of DHT by 6.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 20,651 shares of the shipping company’s stock worth $248,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Savant Capital LLC increased its position in shares of DHT by 7.6% during the fourth quarter. Savant Capital LLC now owns 19,083 shares of the shipping company’s stock worth $233,000 after purchasing an additional 1,345 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

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.