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

Shares of DHT Holdings, Inc. (NYSE:DHT) have received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $15.6667.

Several equities analysts recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $16.00 target price on shares of DHT in a report on Thursday, October 30th. Wall Street Zen lowered DHT from a “buy” rating to a “hold” rating in a research report on Sunday. Jefferies Financial Group restated a “buy” rating and set a $16.00 price objective on shares of DHT in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research note on Wednesday. Finally, Evercore ISI raised their target price on DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th.

DHT Stock Up 3.1%

Shares of NYSE:DHT opened at $13.82 on Monday. The stock has a 50-day simple moving average of $12.83 and a 200-day simple moving average of $12.25. The stock has a market capitalization of $2.22 billion, a P/E ratio of 11.14 and a beta of -0.07. DHT has a 1 year low of $8.99 and a 1 year high of $13.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.02 and a current ratio of 2.41.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. DHT had a net margin of 41.17% and a return on equity of 17.05%. The firm had revenue of $107.35 million for the quarter, compared to analyst estimates of $78.83 million. During the same quarter last year, the firm posted $0.22 earnings per share. DHT’s revenue for the quarter was down 14.6% compared to the same quarter last year. Equities analysts forecast that DHT will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $0.72 annualized dividend and a yield of 5.2%. DHT’s dividend payout ratio (DPR) is 58.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in DHT by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,633,115 shares of the shipping company’s stock valued at $127,067,000 after purchasing an additional 66,242 shares in the last quarter. American Century Companies Inc. boosted its position in DHT by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock valued at $63,097,000 after buying an additional 380,688 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of DHT by 360.8% during the third quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock valued at $35,416,000 after acquiring an additional 2,320,564 shares in the last quarter. Wasatch Advisors LP increased its position in shares of DHT by 11.9% during the third quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock worth $27,834,000 after acquiring an additional 248,620 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of DHT by 18.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,857,049 shares of the shipping company’s stock worth $22,192,000 after acquiring an additional 293,580 shares during the last quarter. 58.53% of the stock is currently owned by hedge funds and other 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.