Analysts Set DHT Holdings, Inc. (NYSE:DHT) Price Target at $12.68

DHT Holdings, Inc. (NYSE:DHT) has been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.68.

A number of brokerages recently commented on DHT. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group increased their target price on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DHT. Tower Research Capital LLC TRC lifted its stake in DHT by 84.0% during the fourth 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 last quarter. Spire Wealth Management bought a new stake in DHT during the fourth quarter valued at $36,000. Banque Transatlantique SA acquired a new stake in shares of DHT during the fourth quarter worth $37,000. Sterling Capital Management LLC lifted its position in shares of DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock worth $40,000 after buying an additional 3,856 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of DHT in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Trading Up 1.2 %

NYSE DHT opened at $10.53 on Friday. The stock has a market cap of $1.70 billion, a P/E ratio of 9.40 and a beta of -0.39. The company’s fifty day simple moving average is $10.62 and its 200-day simple moving average is $10.55. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. DHT has a 52 week low of $8.67 and a 52 week high of $12.80.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Equities research analysts predict that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed 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. This represents a $0.68 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s payout ratio is currently 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.