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

Shares of DHT Holdings, Inc. (NYSE:DHT) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.54.

A number of brokerages have recently commented on DHT. BTIG Research initiated coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and set a $14.00 price objective on shares of DHT in a report on Wednesday, November 13th. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a report on Friday, September 27th. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a research note on Thursday, December 12th. Finally, Stifel Nicolaus decreased their price objective on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd.

Institutional Trading of DHT

Several hedge funds have recently modified their holdings of DHT. Intech Investment Management LLC purchased a new stake in DHT during the third quarter valued at approximately $611,000. International Assets Investment Management LLC increased its position in shares of DHT by 1,144.6% during the third quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock worth $7,487,000 after purchasing an additional 624,266 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of DHT during the 3rd quarter valued at $2,611,000. Quantbot Technologies LP boosted its position in shares of DHT by 107.4% in the 3rd quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company’s stock worth $2,272,000 after purchasing an additional 106,683 shares in the last quarter. Finally, Millennium Management LLC grew its stake in DHT by 2,728.7% during the 2nd quarter. Millennium Management LLC now owns 321,683 shares of the shipping company’s stock worth $3,722,000 after buying an additional 310,311 shares during the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Price Performance

DHT opened at $8.95 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $10.12 and a 200 day moving average of $10.83. DHT has a 52-week low of $8.67 and a 52-week high of $12.80. The stock has a market cap of $1.44 billion, a P/E ratio of 8.95 and a beta of -0.37.

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

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders 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 yield of 9.83%. DHT’s dividend payout ratio (DPR) is presently 88.00%.

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.