DHT Holdings, Inc. (NYSE:DHT) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.3333.

DHT has been the topic of several research analyst reports. Wall Street Zen upgraded DHT from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Weiss Ratings lowered DHT from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, August 24th.

DHT Stock Down 0.4%

DHT stock opened at $19.59 on Tuesday. The firm has a market capitalization of $3.15 billion, a PE ratio of 6.66 and a beta of -0.11. The company's 50-day moving average is $18.36 and its 200-day moving average is $17.98. DHT has a fifty-two week low of $10.83 and a fifty-two week high of $20.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 3.32.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. DHT had a net margin of 65.52% and a return on equity of 39.40%. The business had revenue of $254.96 million during the quarter, compared to the consensus estimate of $247.17 million. During the same period last year, the business posted $0.35 EPS. DHT's revenue was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were issued a $1.22 dividend. This is an increase from DHT's previous quarterly dividend of $0.64. This represents a $4.88 annualized dividend and a dividend yield of 24.9%. The ex-dividend date was Monday, August 17th. DHT's dividend payout ratio is presently 165.99%.

Insider Buying and Selling

In other news, insider Jon Stephen Eglin sold 50,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $19.99, for a total value of $999,500.00. Following the transaction, the insider directly owned 324,622 shares of the company's stock, valued at $6,489,193.78. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Svenn Magne Edvardsen sold 341,007 shares of DHT stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $20.29, for a total transaction of $6,919,032.03. Following the sale, the director directly owned 395,705 shares of the company's stock, valued at $8,028,854.45. The trade was a 46.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 528,803 shares of company stock valued at $10,644,297.

Institutional Investors Weigh In On DHT

A number of institutional investors have recently made changes to their positions in DHT. Western Wealth Management LLC bought a new position in shares of DHT during the first quarter worth approximately $46,000. EverSource Wealth Advisors LLC boosted its stake in DHT by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company's stock valued at $36,000 after purchasing an additional 1,596 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in DHT by 568.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company's stock valued at $43,000 after buying an additional 3,022 shares in the last quarter. Triumph Capital Management increased its position in DHT by 155.0% during the 2nd quarter. Triumph Capital Management now owns 3,697 shares of the shipping company's stock worth $61,000 after buying an additional 2,247 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of DHT by 32.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company's stock worth $89,000 after buying an additional 1,175 shares in the last quarter. 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.

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