DHT Holdings, Inc. (DHT) – What Are Analysts Saying About This Stock?

DHT Holdings, Inc. (NYSE:DHT) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $23.33.

A number of equities analysts have recently weighed in on DHT shares. Evercore set a $26.00 price target on shares of DHT in a research note on Tuesday. Weiss Ratings upgraded DHT from a “buy (b+)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, BTIG Research lifted their price objective on DHT from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 18th.

Insider Activity at DHT

In related news, Director Sophie Rossini sold 33,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $20.04, for a total value of $661,320.00. Following the transaction, the director directly owned 78,543 shares of the company’s stock, valued at approximately $1,574,001.72. This trade represents a 29.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Eglin sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $19.99, for a total value of $999,500.00. Following the completion of the sale, the insider owned 324,622 shares of the company’s stock, valued at approximately $6,489,193.78. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 583,803 shares of company stock worth $11,843,097 over the last quarter.

Institutional Investors Weigh In On DHT

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in DHT in the 2nd quarter valued at approximately $1,437,000. Congress Asset Management Co. increased its position in DHT by 20.7% in the 3rd quarter. Congress Asset Management Co. now owns 588,373 shares of the shipping company’s stock worth $13,280,000 after buying an additional 101,020 shares during the period. Bank of America Corp DE increased its position 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 worth $21,674,000 after buying an additional 744,130 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of DHT by 74.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock worth $78,849,000 after buying an additional 1,836,892 shares during the last quarter. Finally, WIT Partners Advisory Pte. Ltd. acquired a new position in shares of DHT during the first quarter worth approximately $5,163,000. Institutional investors own 58.53% of the company’s stock.

DHT Stock Down 2.0%

NYSE:DHT opened at $24.11 on Wednesday. DHT has a fifty-two week low of $11.64 and a fifty-two week high of $26.91. The stock’s 50-day moving average is $22.21 and its two-hundred day moving average is $18.50.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.04. The company had revenue of $254.96 million during the quarter, compared to analyst estimates of $247.17 million. The firm’s quarterly revenue was up 174.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 20.2%. The ex-dividend date of this dividend was Monday, August 17th. This is a positive change from DHT’s previous quarterly dividend of $0.64.

DHT Company Profile

DHT Holdings, Inc (NYSE:DHT) is a maritime transportation company that owns and operates crude oil tankers. The company’s fleet is primarily composed of very large crude carriers (VLCCs), which transport large volumes of crude oil between major production and refining markets worldwide.

DHT provides ocean transportation services to energy companies, commodity traders and other customers through voyage charters, time charters and other commercial arrangements. Its operations include the commercial, technical and safety management of its vessels, with activities serving international crude oil trade routes across the Atlantic, Pacific and other major maritime regions.

Founded in 2005, DHT is incorporated in the Marshall Islands and has corporate and operational activities based in Bermuda, Norway and Singapore.