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

Shares of DHT Holdings, Inc. (NYSE:DHT) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.3333.

A number of research analysts have recently issued reports on DHT shares. Dnb Carnegie cut shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. BTIG Research raised their price target on shares of DHT from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th.

Hedge Funds Weigh In On DHT

Several large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in DHT by 568.0% during the 4th 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 last quarter. Virtu Financial LLC bought a new stake in shares of DHT in the 4th quarter worth $714,000. Axxcess Wealth Management LLC purchased a new stake in shares of DHT in the fourth quarter valued at about $369,000. Corient Private Wealth LLC lifted its position in shares of DHT by 4.9% during the fourth quarter. Corient Private Wealth LLC now owns 24,031 shares of the shipping company’s stock valued at $285,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of DHT by 18.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,025 shares of the shipping company’s stock valued at $220,000 after purchasing an additional 2,784 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

DHT Price Performance

Shares of DHT opened at $18.99 on Tuesday. DHT has a 12-month low of $8.99 and a 12-month high of $20.55. The business’s fifty day moving average is $15.07 and its 200 day moving average is $13.39. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.05 billion, a P/E ratio of 14.49 and a beta of -0.13.

DHT (NYSE:DHT) last announced its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. DHT had a net margin of 42.35% and a return on equity of 17.70%. The business had revenue of $117.80 million during the quarter, compared to analyst estimates of $116.96 million. During the same quarter in the previous year, the business posted $0.34 EPS. DHT’s quarterly revenue was up 37.8% on a year-over-year basis. Sell-side 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 was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 8.6%. This is an increase from DHT’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, February 19th. DHT’s dividend payout ratio is currently 125.19%.

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.