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

Shares of DHT Holdings, Inc. (NYSE:DHT) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.3333.

Several equities research analysts recently issued reports on DHT shares. BTIG Research raised their target price 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. Dnb Carnegie cut shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Evercore cut shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price on the stock. in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th.

DHT Trading Down 2.2%

Shares of NYSE:DHT opened at $17.38 on Friday. DHT has a 52-week low of $10.61 and a 52-week high of $20.55. The company has a market capitalization of $2.80 billion, a P/E ratio of 8.43 and a beta of -0.08. The company has a 50-day simple moving average of $17.99 and a 200 day simple moving average of $15.51. 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 (NYSE:DHT) last issued its 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. DHT had a net margin of 58.54% and a return on equity of 27.54%. The business had revenue of $157.20 million during the quarter, compared to the consensus estimate of $152.15 million. During the same period last year, the business posted $0.27 EPS. DHT’s revenue was up 134.9% on a year-over-year basis.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 21st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 14.7%. This is a positive change from DHT’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, May 21st. DHT’s payout ratio is 124.27%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in DHT in the first quarter valued at approximately $46,000. Federated Hermes Inc. increased its stake in DHT by 101.6% in the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,368 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in DHT by 91.8% in 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 last quarter. Caitong International Asset Management Co. Ltd increased its stake in 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 valued at $43,000 after acquiring an additional 3,022 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in DHT by 96.5% in the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 2,042 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

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.