DHT Holdings, Inc. (NYSE:DHT) Receives $12.68 Consensus Price Target from Brokerages

Shares of DHT Holdings, Inc. (NYSE:DHT) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.68.

Several equities research analysts recently commented on the company. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group increased their price target on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a research note on Thursday, December 12th.

Institutional Investors Weigh In On DHT

Several institutional investors have recently bought and sold shares of DHT. Pekin Hardy Strauss Inc. increased its stake in DHT by 1.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock valued at $761,000 after buying an additional 1,000 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of DHT by 84.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after purchasing an additional 1,265 shares during the period. Stifel Financial Corp increased its position in DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after buying an additional 1,514 shares during the last quarter. Vident Advisory LLC raised its stake in DHT by 3.2% in the 4th quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company’s stock valued at $495,000 after acquiring an additional 1,665 shares during the period. Finally, Franklin Resources Inc. boosted its position in DHT by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company’s stock worth $498,000 after purchasing an additional 1,740 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

NYSE:DHT opened at $10.59 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. DHT has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The company has a 50 day simple moving average of $10.66 and a two-hundred day simple moving average of $10.55. The company has a market capitalization of $1.71 billion, a PE ratio of 9.46 and a beta of -0.39.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Research analysts anticipate that DHT will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.42%. DHT’s dividend payout ratio (DPR) is currently 60.71%.

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.