DHT Holdings, Inc. (NYSE:DHT) Stock Has Consensus Target Price of $21.00 According to Analysts

DHT Holdings, Inc. (NYSE:DHT) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.00.

A number of research firms have issued reports on DHT. Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, September 8th. BTIG Research increased their price objective on DHT from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, September 18th.

DHT Stock Up 0.3%

Shares of NYSE DHT opened at $21.85 on Friday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 7.43 and a beta of -0.09. The company has a 50-day moving average price of $19.93 and a 200-day moving average price of $18.52. DHT has a 1 year low of $10.83 and a 1 year high of $23.56. 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) last posted its earnings results on Wednesday, August 5th. The shipping company reported $1.22 EPS for the quarter, topping 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 company had revenue of $254.96 million during the quarter, compared to the consensus estimate of $247.17 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter 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 paid a dividend of $1.22 per share. This is a boost from DHT’s previous quarterly dividend of $0.64. The ex-dividend date was Monday, August 17th. This represents a $4.88 annualized dividend and a yield of 22.3%. DHT’s dividend payout ratio (DPR) is 165.99%.

Insider Buying and Selling at DHT

In other news, CFO Laila Halvorsen sold 50,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $20.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer owned 161,011 shares in the company, valued at $3,220,220. This represents a 23.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erik Lind sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $22.46, for a total transaction of $673,800.00. Following the transaction, the director directly owned 132,294 shares in the company, valued at $2,971,323.24. The trade was a 18.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 583,803 shares of company stock worth $11,843,097.

Institutional Investors Weigh In On DHT

A number of institutional investors have recently added to or reduced their stakes in DHT. Caitong International Asset Management Co. Ltd lifted its position in shares of DHT by 568.0% during the 4th 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 in the last quarter. Western Wealth Management LLC purchased a new position in shares of DHT in the 1st quarter worth approximately $46,000. Triumph Capital Management grew its holdings in shares of DHT by 155.0% in the second quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock valued at $61,000 after acquiring an additional 2,247 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of DHT in the second quarter valued at approximately $83,000. Finally, Harbour Investments Inc. grew its holdings in shares of DHT by 16.0% in the fourth quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock valued at $88,000 after acquiring an additional 1,000 shares in the last quarter. 58.53% of the stock is owned by institutional investors.

About DHT

DHT Holdings, Inc (NYSE: DHT) is a maritime transportation company that owns and operates crude oil tankers. Its fleet is primarily composed of very large crude carriers (VLCCs), which transport crude oil in international seaborne trade.

The company provides tanker transportation services to energy companies, commodity traders and other customers through a combination of voyage charters, time charters and related commercial arrangements. Its vessels serve major global crude oil trade routes linking oil-producing regions with refineries and consuming markets.

DHT was established in 2005 and is headquartered in Hamilton, Bermuda, with operations and commercial activities supported through international offices.