DHT Holdings, Inc. (NYSE:DHT) Receives $16.33 Consensus Price Target from Brokerages

DHT Holdings, Inc. (NYSE:DHT) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.3333.

DHT has been the subject of a number of research reports. Wall Street Zen downgraded DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Dnb Carnegie cut DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, BTIG Research increased their target price on shares of DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th.

DHT Stock Up 0.1%

Shares of DHT opened at $16.85 on Tuesday. DHT has a fifty-two week low of $8.99 and a fifty-two week high of $20.55. The company’s fifty day moving average is $15.51 and its two-hundred day moving average is $13.55. The firm has a market cap of $2.71 billion, a PE ratio of 12.86 and a beta of -0.13. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $117.80 million during the quarter, compared to the consensus estimate of $116.96 million. DHT had a return on equity of 17.70% and a net margin of 42.35%.The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. Analysts forecast that DHT will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.41 per share. This is an increase from DHT’s previous quarterly dividend of $0.18. This represents a $1.64 annualized dividend and a yield of 9.7%. The ex-dividend date was Thursday, February 19th. DHT’s payout ratio is presently 125.19%.

Hedge Funds Weigh In On DHT

Hedge funds have recently made changes to their positions in the business. Kingsview Wealth Management LLC acquired a new position in shares of DHT during the third quarter worth about $2,657,000. GSA Capital Partners LLP grew its stake in shares of DHT by 193.7% in the third quarter. GSA Capital Partners LLP now owns 195,438 shares of the shipping company’s stock valued at $2,335,000 after buying an additional 128,900 shares in the last quarter. Victory Capital Management Inc. grew its stake 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 valued at $35,416,000 after buying an additional 2,320,564 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of DHT by 7.8% during 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 period. Finally, Harvey Capital Management Inc. purchased a new stake in shares of DHT during the 3rd quarter valued at about $2,368,000. Hedge funds and other 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.