DHT Holdings, Inc. (NYSE:DHT) Receives $15.67 Average Target Price from Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.6667.

A number of research analysts have recently issued reports on DHT shares. Wall Street Zen upgraded shares of DHT from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Evercore ISI increased their target price on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 price target on shares of DHT in a report on Thursday, October 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th.

DHT Price Performance

Shares of NYSE DHT opened at $13.40 on Monday. The stock has a fifty day moving average price of $12.83 and a 200 day moving average price of $12.21. DHT has a 1-year low of $8.99 and a 1-year high of $13.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.41 and a quick ratio of 2.02. The company has a market cap of $2.15 billion, a PE ratio of 10.80 and a beta of -0.07.

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

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.4%. DHT’s dividend payout ratio is 58.06%.

Institutional Trading of DHT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in DHT by 360.8% during the third quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock worth $35,416,000 after buying an additional 2,320,564 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of DHT by 706.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock worth $11,650,000 after acquiring an additional 943,990 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of DHT by 11.2% during the 2nd quarter. American Century Companies Inc. now owns 4,899,375 shares of the shipping company’s stock worth $52,962,000 after acquiring an additional 491,717 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of DHT by 1,376.6% in the 2nd quarter. Lazard Asset Management LLC now owns 388,043 shares of the shipping company’s stock worth $4,194,000 after acquiring an additional 361,764 shares during the period. Finally, SG Americas Securities LLC increased its stake in DHT by 294.9% in the 4th quarter. SG Americas Securities LLC now owns 406,294 shares of the shipping company’s stock valued at $4,961,000 after purchasing an additional 303,401 shares in the last quarter. Institutional investors and hedge funds 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.