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 research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.54.

A number of brokerages have recently issued reports on DHT. Jefferies Financial Group boosted their target price on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday. BTIG Research assumed coverage on shares of DHT in a research report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective for the company. Stifel Nicolaus reduced their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective on the stock. in a report on Thursday, December 12th.

Institutional Investors Weigh In On DHT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHT. Quarry LP grew its holdings in shares of DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after purchasing an additional 3,717 shares during the period. Spire Wealth Management acquired a new stake in DHT in the 4th quarter valued at approximately $36,000. Sunbelt Securities Inc. acquired a new position in DHT during the third quarter worth $50,000. Nisa Investment Advisors LLC lifted its stake in DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after acquiring an additional 2,361 shares in the last quarter. Finally, Soros Fund Management LLC purchased a new stake in DHT during the third quarter worth about $114,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Down 1.4 %

Shares of NYSE DHT opened at $11.35 on Monday. DHT has a 1 year low of $8.67 and a 1 year high of $12.80. The firm has a 50-day simple moving average of $10.11 and a two-hundred day simple moving average of $10.60. The company has a market cap of $1.83 billion, a P/E ratio of 10.14 and a beta of -0.39. 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 (NYSE:DHT) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.43% and a net margin of 31.72%. Research analysts anticipate that DHT will post 0.84 earnings per share for the current year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Tuesday, February 18th. DHT’s payout ratio is presently 60.71%.

About DHT

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.