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

DHT Holdings, Inc. (NYSE:DHT) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.3333.

A number of brokerages have recently issued reports on DHT. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. BTIG Research upped their target price on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. 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. Dnb Carnegie cut shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings cut shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rathbones Group PLC grew its stake in DHT by 53.7% in the 1st quarter. Rathbones Group PLC now owns 15,750 shares of the shipping company’s stock valued at $288,000 after buying an additional 5,500 shares during the last quarter. Norris Financial Group LLC acquired a new position in DHT in the 1st quarter valued at about $316,000. Western Wealth Management LLC acquired a new position in DHT in the 1st quarter valued at about $46,000. Bank of America Corp DE grew its stake in DHT by 168.3% in the 1st quarter. Bank of America Corp DE now owns 1,186,289 shares of the shipping company’s stock valued at $21,674,000 after buying an additional 744,130 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in DHT by 6.0% in the 1st quarter. Empowered Funds LLC now owns 773,163 shares of the shipping company’s stock valued at $14,126,000 after buying an additional 43,514 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Down 1.6%

NYSE:DHT opened at $18.11 on Thursday. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 8.79 and a beta of -0.12. DHT has a twelve month low of $10.61 and a twelve month high of $20.55. The stock’s 50 day moving average price is $17.69 and its two-hundred day moving average price is $15.99. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $157.20 million for the quarter, compared to analyst estimates of $152.15 million. DHT had a net margin of 58.54% and a return on equity of 27.54%. DHT’s revenue for the quarter was up 134.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is currently 124.27%.

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.