DHT (NYSE:DHT) Given New $14.00 Price Target at Jefferies Financial Group

DHT (NYSE:DHT) had its target price boosted by Jefferies Financial Group from $13.00 to $14.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the shipping company’s stock.

A number of other brokerages also recently commented on DHT. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a research report on Thursday, December 12th. BTIG Research initiated coverage on shares of DHT in a research note on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Stifel Nicolaus dropped their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Three equities 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’s stock. According to MarketBeat, DHT presently has an average rating of “Moderate Buy” and a consensus price target of $13.54.

DHT Stock Down 2.6 %

DHT stock opened at $11.50 on Thursday. The firm has a 50 day moving average price of $10.07 and a 200 day moving average price of $10.62. The company has a market capitalization of $1.85 billion, a PE ratio of 11.50 and a beta of -0.39. DHT has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

DHT (NYSE:DHT) last announced its earnings results 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 27.72% and a return on equity of 15.58%. Research analysts expect that DHT will post 1 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 5.92%. DHT’s payout ratio is 88.00%.

Hedge Funds Weigh In On DHT

A number of institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in shares of DHT in the 4th quarter worth about $36,000. Sunbelt Securities Inc. bought a new stake in shares of DHT during the 3rd quarter valued at about $50,000. Nisa Investment Advisors LLC grew its position in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after buying an additional 2,361 shares during the last quarter. Soros Fund Management LLC bought a new stake in shares of DHT during the 3rd quarter valued at about $114,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of DHT during the 4th quarter valued at about $108,000. Institutional investors and hedge funds 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.