Analysts Set DHT Holdings, Inc. (NYSE:DHT) PT at $16.33

Shares of DHT Holdings, Inc. (NYSE:DHT) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.3333.

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

DHT Trading Up 3.1%

DHT stock opened at $15.91 on Friday. DHT has a 12-month low of $8.99 and a 12-month high of $15.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47. The stock has a market capitalization of $2.55 billion, a PE ratio of 12.14 and a beta of -0.07. The firm has a 50 day simple moving average of $13.24 and a 200-day simple moving average of $12.62.

DHT (NYSE:DHT) last announced its earnings results on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $116.96 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, equities research analysts expect that DHT will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.64 annualized dividend and a dividend yield of 10.3%. This is a boost from DHT’s previous quarterly dividend of $0.18. DHT’s dividend payout ratio is 54.96%.

Institutional Trading of DHT

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Management LLC increased its position in shares of DHT by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 72,883 shares of the shipping company’s stock worth $890,000 after acquiring an additional 994 shares in the last quarter. Harbour Investments Inc. boosted its stake in DHT by 16.0% in the 4th quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock worth $88,000 after purchasing an additional 1,000 shares during the period. Summit Financial LLC grew its position in DHT by 0.9% during the 4th quarter. Summit Financial LLC now owns 119,438 shares of the shipping company’s stock worth $1,458,000 after purchasing an additional 1,111 shares in the last quarter. First Trust Advisors LP raised its stake in DHT by 0.6% during the 2nd quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock valued at $1,918,000 after purchasing an additional 1,114 shares during the period. Finally, J.W. Cole Advisors Inc. raised its stake in DHT by 6.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 20,651 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 1,203 shares during the period. Institutional investors and hedge funds 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.