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

Shares of DHT Holdings, Inc. (NYSE:DHT) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.3333.

A number of brokerages have weighed in on DHT. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Evercore lowered shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a research note on Wednesday, April 22nd. BTIG Research lifted their price target on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd.

DHT Stock Down 2.9%

Shares of NYSE DHT opened at $19.37 on Thursday. The stock has a market cap of $3.12 billion, a P/E ratio of 9.40 and a beta of -0.12. The firm has a 50 day moving average price of $17.85 and a 200 day moving average price of $16.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. DHT has a 52-week low of $10.61 and a 52-week high of $20.55.

DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $157.20 million during the quarter, compared to analysts’ expectations of $152.15 million. DHT had a net margin of 58.54% and a return on equity of 27.54%. The business’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 earned $0.27 earnings per share.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were paid a $0.64 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is an increase from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 dividend on an annualized basis and a yield of 13.2%. DHT’s payout ratio is presently 124.27%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DHT. State of Alaska Department of Revenue lifted its position in shares of DHT by 593.3% in the fourth quarter. State of Alaska Department of Revenue now owns 41,145 shares of the shipping company’s stock worth $501,000 after purchasing an additional 35,210 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of DHT in the third quarter worth $2,657,000. Artemis Investment Management LLP bought a new stake in shares of DHT in the fourth quarter worth $2,720,000. Victory Capital Management Inc. lifted its position in shares of DHT by 360.8% in the third quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock worth $35,416,000 after purchasing an additional 2,320,564 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of DHT by 7.8% in the third quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock worth $63,097,000 after purchasing an additional 380,688 shares in the last quarter. 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.