DHT Holdings, Inc. (NYSE:DHT) Receives $16.33 Average Target Price from Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.3333.

Several research analysts recently weighed in on the company. Dnb Carnegie lowered DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wall Street Zen lowered DHT from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. 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 Price Performance

DHT stock opened at $16.86 on Tuesday. DHT has a 1 year low of $8.99 and a 1 year high of $20.55. The firm has a 50 day moving average price of $15.41 and a 200 day moving average price of $13.49. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 12.87 and a beta of -0.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $117.80 million for the quarter, compared to the consensus estimate of $116.96 million. DHT had a net margin of 42.35% and a return on equity of 17.70%. DHT’s revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. Sell-side analysts predict 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

A number of hedge funds have recently made changes to their positions in DHT. Victory Capital Management Inc. lifted 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 worth $35,416,000 after purchasing an additional 2,320,564 shares in the last quarter. Marex Group plc grew its stake in shares of DHT by 5,860.2% in the fourth quarter. Marex Group plc now owns 1,084,752 shares of the shipping company’s stock valued at $13,245,000 after buying an additional 1,066,552 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings 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 valued at $11,650,000 after buying an additional 943,990 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of DHT during the 4th quarter valued at about $8,927,000. Finally, Public Sector Pension Investment Board lifted its position in DHT by 447.5% during the 4th quarter. Public Sector Pension Investment Board now owns 744,601 shares of the shipping company’s stock worth $9,092,000 after acquiring an additional 608,601 shares in the last quarter. 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.