DHT Holdings, Inc. (NYSE:DHT) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give DHT an average "Moderate Buy" rating from six analysts (three buys, three holds) with a mean 12‑month price target of $19.33 and recent targets as high as $23.00 (BTIG).
• DHT beat the latest quarter's expectations with $0.41 EPS versus $0.40 and revenue of $117.85M (up 37.8% year‑over‑year), reporting a 42.35% net margin and 17.7% ROE.
• The company boosted its quarterly dividend to $0.41 (annualized $1.64), implying a 9.0% yield, though the payout ratio is elevated at 125.19%.

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have received 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 recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.3333.

Several research analysts have recently weighed in on DHT shares. Dnb Carnegie lowered shares of DHT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of DHT in a report on Monday, April 20th. Evercore lowered shares of DHT from an "outperform" rating to an "in-line" rating and set a $19.00 price target on the stock. in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of DHT from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Finally, BTIG Research raised their price target on shares of DHT from $18.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, April 22nd.

DHT Price Performance

Shares of NYSE DHT opened at $18.27 on Wednesday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 13.94 and a beta of -0.09. DHT has a 52 week low of $10.45 and a 52 week high of $20.55. The company's 50-day moving average price is $18.02 and its 200 day moving average price is $14.86. The company has a current ratio of 2.80, a quick ratio of 2.47 and a debt-to-equity ratio of 0.34.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. DHT had a net margin of 42.35% and a return on equity of 17.70%. The firm had revenue of $117.85 million for the quarter, compared to analysts' expectations of $116.96 million. During the same period in the prior year, the company earned $0.34 EPS. The firm's revenue was up 37.8% on a year-over-year basis.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were issued a $0.41 dividend. The ex-dividend date was 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 yield of 9.0%. DHT's payout ratio is 125.19%.

Institutional Trading of DHT

Several large investors have recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in shares of DHT by 101.6% in the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company's stock worth $32,000 after buying an additional 1,368 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company's stock worth $36,000 after buying an additional 1,596 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of DHT by 568.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company's stock worth $43,000 after buying an additional 3,022 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of DHT by 96.5% in the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company's stock worth $50,000 after buying an additional 2,042 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of DHT in the fourth quarter worth $58,000. Institutional investors and hedge funds own 58.53% of the company's stock.

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.

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