Brokerages Set DHT Holdings, Inc. (NYSE:DHT) PT at $19.33

Shares of DHT Holdings, Inc. (NYSE:DHT) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.3333.

Several research analysts have recently weighed in on the company. Evercore lowered DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective for the company. in a research report on Wednesday, April 22nd. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. BTIG Research raised their target price on DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd.

Institutional Investors Weigh In On DHT

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in DHT by 178.9% in the 1st quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company’s stock valued at $741,000 after buying an additional 45,275 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of DHT during the second quarter valued at approximately $171,000. Creative Planning raised its position in shares of DHT by 34.1% during the second quarter. Creative Planning now owns 15,189 shares of the shipping company’s stock worth $164,000 after purchasing an additional 3,859 shares during the period. JPMorgan Chase & Co. raised its position in shares of DHT by 11.3% during the second quarter. JPMorgan Chase & Co. now owns 400,068 shares of the shipping company’s stock worth $4,325,000 after purchasing an additional 40,574 shares during the period. Finally, Prudential Financial Inc. bought a new position in shares of DHT in the 2nd quarter worth $162,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Trading Down 2.3%

NYSE:DHT opened at $17.43 on Monday. The firm’s fifty day moving average is $17.56 and its 200-day moving average is $16.78. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. DHT has a 52 week low of $10.61 and a 52 week high of $20.55. The firm has a market cap of $2.81 billion, a P/E ratio of 8.46 and a beta of -0.11.

DHT (NYSE:DHT) last announced its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $157.20 million during the quarter, compared to the consensus estimate of $152.15 million. DHT had a net margin of 58.54% and a return on equity of 27.54%. DHT’s quarterly revenue was up 134.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st were paid a $0.64 dividend. The ex-dividend date was Thursday, May 21st. This represents a $2.56 annualized dividend and a dividend yield of 14.7%. This is an increase from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio (DPR) is presently 124.27%.

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.