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

Shares of DHT Holdings, Inc. (NYSE:DHT) have received an average rating of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.3333.

Several research firms have recently commented on DHT. Wall Street Zen lowered shares of DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 price objective on shares of DHT in a research note on Thursday, October 30th. BTIG Research increased their target price on DHT from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Evercore lifted their price target on DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On DHT

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harvey Capital Management Inc. purchased a new stake in DHT during the 3rd quarter valued at about $2,368,000. Bailard Inc. acquired a new stake in shares of DHT during the 2nd quarter worth approximately $623,000. Campbell & CO Investment Adviser LLC increased its holdings in DHT by 75.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 199,595 shares of the shipping company’s stock valued at $2,385,000 after buying an additional 85,756 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of DHT by 112.1% in the third quarter. Thrivent Financial for Lutherans now owns 172,168 shares of the shipping company’s stock valued at $2,057,000 after purchasing an additional 90,993 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of DHT during the second quarter worth about $329,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Price Performance

Shares of DHT stock opened at $16.25 on Friday. DHT has a twelve month low of $8.99 and a twelve month high of $16.33. The company has a current ratio of 2.80, a quick ratio of 2.47 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $13.38 and a two-hundred day simple moving average of $12.69. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 12.40 and a beta of -0.07.

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

DHT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, February 19th. This is a positive change from DHT’s previous quarterly dividend of $0.18. This represents a $1.64 annualized dividend and a dividend yield of 10.1%. DHT’s payout ratio is currently 54.96%.

About DHT

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.