DHT Holdings, Inc. (NYSE:DHT) Given Consensus Rating of “Moderate Buy” by Analysts

DHT Holdings, Inc. (NYSE:DHT) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.54.

Several equities analysts recently weighed in on DHT shares. Jefferies Financial Group restated a “buy” rating and set a $14.00 price target on shares of DHT in a research report on Wednesday, November 13th. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. BTIG Research started coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target for the company. Stifel Nicolaus cut their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research note on Thursday, December 12th.

DHT Stock Performance

Shares of DHT stock opened at $11.36 on Monday. The firm has a 50-day moving average of $9.92 and a 200-day moving average of $10.60. The company has a market cap of $1.83 billion, a P/E ratio of 11.36 and a beta of -0.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. DHT has a one year low of $8.67 and a one year high of $12.80.

DHT (NYSE:DHT) last posted its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. Equities research analysts forecast that DHT will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 7.75%. DHT’s payout ratio is 88.00%.

Hedge Funds Weigh In On DHT

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in DHT by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 107,906 shares of the shipping company’s stock valued at $1,002,000 after acquiring an additional 9,341 shares in the last quarter. Congress Asset Management Co. grew its stake in DHT by 4.4% during the fourth quarter. Congress Asset Management Co. now owns 433,059 shares of the shipping company’s stock valued at $4,023,000 after acquiring an additional 18,431 shares in the last quarter. Rhumbline Advisers grew its stake in DHT by 1.6% during the fourth quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company’s stock valued at $2,559,000 after acquiring an additional 4,454 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in DHT during the fourth quarter valued at approximately $1,387,000. Finally, Empowered Funds LLC purchased a new position in DHT during the fourth quarter valued at approximately $2,835,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.